Wednesday May 9th 2018

President Trump announced the US will reinstate tough economic sanctions against Iran, with the threat of secondary sanctions against those who continue to support the regime. As NAB’s Tapas Strickland explains to Phil Dobbie, the announcement reversed an earlier sharp fall in oil prices. We can expect to hear more from Iran’s trading partners today, including Europe, Russia and China. There’s also discussion on more positive vibes from the US Fed, last night’s Australia Budget, Theresa May’s split cabinet and the risk of another election in Italy.