Oil trapped by Strait’s jacket

<p><strong>Thursday 12th 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>NAB’s Rodrigo Catril joins Phil to discuss the intensifying tensions in the Strait of Hormuz, where Iranian attacks on merchant vessels and the threat of naval mines have effectively halted all shipping traffic. Despite a massive release of 400 million barrels of oil from IEA reserves, supply fears have pushed Brent crude toward $92 …