Peace talks between Iran and the United States collapse. Donald Trump says the US Navy will blockade the Strait of Hormuz and stop tankers on the high seas that have paid Iran tolls. And US inflation spikes, which pushes consumer confidence down.

And then in our deep-dive interview, ANZ Group Economist Richard Yetsenga assesses how much damage has been done so far to global economic momentum.

Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠