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Speaker 1: Shane Soli Harbor Asset Managements. Will I say, Shane, Hello Heather. So,

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Speaker 1: how the capital markets reacted to the bombing, Well, pretty

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Speaker 1: muted reaction really to the to the weekends events, We've

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Speaker 1: actually seen global shear market indexed features. This is where

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Speaker 1: markets can be about what may happen in the future

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Speaker 1: when markets open up. In the Northern Hemisphere, actually they

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Speaker 1: dripped and then they've rebounded. So the uish shar market

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Speaker 1: market's telling us loaning me down point two percent, so

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Speaker 1: pretty cautious response. We actually saw a lot of the

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Speaker 1: Middle Eastern shear markets up over Sunday. US dollars pretty flat,

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Speaker 1: US bond's pretty flat. Oil spiked up five percent today

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Speaker 1: and then ended pretty much not up very much at all,

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Speaker 1: and they're locally. We've seen our dollar down a little

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Speaker 1: bit against the US or at fifty nine to twenty

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Speaker 1: ten year New Zealand government bond rape steady at four

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Speaker 1: point six percent, New Zealand share market down just zero

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Speaker 1: point three percent, and the other OSSI shar market down

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Speaker 1: zero point four percent, so pretty resilient. Really, what do

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Speaker 1: you think the market's going to do now? Yeah, it's

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Speaker 1: a tough one. We need to be pretty careful about

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Speaker 1: or in too many conclusions about what happened in the weekends.

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Speaker 1: We're going to see markets remaining chopping. And it depends

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Speaker 1: a bit on whether these attacks actually stimulate a widening war,

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Speaker 1: particularly this disruptive retaliations, or the conflict is actually quite

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Speaker 1: contained like Ukraine and to some degree like we saw

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Speaker 1: in the Iraq War in two thousand and three. The

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Speaker 1: key thing here that is the Straits of all means

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Speaker 1: getting closed by the Iranians. They've talked about a lot

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Speaker 1: since nineteen seventy nine when the Islamic Republic came into voice.

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Speaker 1: They've never done it. There's a bit of speculation out

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Speaker 1: there that if they closed the straits down or cut

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Speaker 1: even back to fifty percent capacity for a week or two,

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Speaker 1: we'd see Brent will potentially spike up above one hundred

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Speaker 1: dollars US a barrel, that compares with mid seventies at

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Speaker 1: the moment, and then there's an expectation that OPEC would

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Speaker 1: actually open up the taps. There's plenty of capacity there.

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Speaker 1: So look, I think you know, markets do tend to

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Speaker 1: recover from these events unless there's a clear escalation. We

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Speaker 1: should expect markets to think this is probably the worst

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Speaker 1: case and maybe we have this higher all price, not

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Speaker 1: too much higher, but a little bit higher, and a

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Speaker 1: bit of disruption, but really the market keeps going through. Yeah,

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Speaker 1: Shane listen, thanks for talking to us through. I appreciate

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Speaker 1: it as always. Talked to you next week, Shane Soley,

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Speaker 1: Harbor Asset Management. For more from Heather Duplessy Allen Drive

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Speaker 1: Listen live to news Talks. It'd be from four pm weekdays,

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