In this week's episode of Relative Return Insider, Professor Robert Brooks of Monash Business School joins the show to unpack the economic and market implications of rising tensions between Israel and Iran.

Against a backdrop of military strikes and disrupted supply chains, Professor Brooks explains how the oil and gas markets have responded, why prices have surged, and the role the Strait of Hormuz could play if tensions intensify.

Tune in to hear:

• Why the crisis has created both short-term supply disruption and long-term risk premium in oil and gas markets.
• How the RBA and other central banks will determine if headline price shocks could spill into core inflation.
• Why financial markets have remained relatively subdued despite the conflict.