# UBS On-Air: Paul Donovan Daily Audio 'Could go up, could go down'

Page: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-could-go-up-could-go-down
Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-could-go-up-could-go-down.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-07-09T06:52:41+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260709-could-go-up-could-go-down.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260709-could-go-up-could-go-down.mp3
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Duration seconds: 208

## Resource

Fresh US-Iran hostilities pushed oil prices higher, to levels experienced when the memorandum of misunderstanding was signed (10% above pre-war levels). Markets question the strength of the US position, allowing the optimism bias to cling on. Global behavior adapted during the war, mitigating the economic damage of renewed hostilities.

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## Transcript

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