Tuesday: Oil slumps as fears of wider conflict ease

Oil prices slump 5.5% on hopes the tit-for-tat strikes between Israel and Iran might not escalate. The yen falls on uncertainty about a new Government in Japan, and gas prices are rising as European buyers hunt for LNG supplies for the European winter. In our bonus Deep Dive interview, ANZ Commodity Strategist Soni Kumari explains why China is stockpiling copper as a strategic metal. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/