De-escalation? Perhaps.

<p><strong>Thursday 26th March 2026</strong></p><br><p><a href="https://www.nab.com.au/content/dam/nabrwd/documents/notice/corporate/nab-research-disclaimer.pdf" rel="noopener noreferrer" target="_blank">NAB Markets Research Disclaimer</a>&nbsp;</p><p><a href="https://www.nab.com.au/financial-services-guide?S_KWCID=SEACT" rel="noopener noreferrer" target="_blank">Financial Services Guide | Information on our services -</a>&nbsp;<a href="https://www.nab.com.au/financial-services-guide?S_KWCID=SEACT" rel="noopener noreferrer" target="_blank">NAB</a></p><br><p>The path to de-escalation in the Middle East remains stalled as Tehran rejects the latest US peace proposal, issuing counter-demands that include sovereignty over the Strait of Hormuz and war reparations. Phil talks with NAB’s Taylor Nugent on the market’s reaction to this diplomatic deadlock, noting that while oil prices saw a temporary dip, …