Oil rises 5% on uncertainty about a US peace deal with Iran. The Reserve Bank of Australia (RBA) is concerned about higher inflation expectations becoming embedded, and ANZ Research has lowered its Australian GDP forecasts. And then in our deep-dive interview, ANZ Commodities Strategist Soni Kumari analyses how gold has fallen since the Middle East conflict escalated as US rate cut expectations disappeared. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠