Inflation or demand destruction?

<p><strong>Monday 30th 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>As the Middle East conflict enters its fifth week, geopolitical tensions continue to escalate, driving Brent crude back toward $112 a barrel. Phil talks with NAB’s Skye Masters to explore the shifting market narrative as investors weigh the immediate threat of surging inflation against the growing risk of demand destruction. The pair discuss the …