Monday: Oil and shipping inflation surges

Oil prices surged through US$80/barrel over the weekend after US and UK air strikes against Houthi facilities in Yemen raised fears a wider war in the Middle East could choke off major shipping routes through the Red Sea and Persian Gulf. In part one of our bonus deep-dive interview, ANZ Australia Senior Economist Adelaide Timbrell explains why demand for new office construction is much stronger than expected, even with more people working from home. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/