# UBS On-Air: Paul Donovan Daily Audio 'More misunderstandings'

Page: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-more-misunderstandings
Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-more-misunderstandings.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-07-08T07:00:00+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260708-more-misunderstandings.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260708-more-misunderstandings.mp3
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JSON: https://stenobird.com/v1/public/podcasts/ubs-on-air-market-moves-2992243/episodes/ubs-on-air-paul-donovan-daily-audio-more-misunderstandings
Duration seconds: 191

## Resource

US attacks on Iran follow from Iranian attacks on Strait of Hormuz shipping. It is not a great look for the memorandum of misunderstanding. Oil futures prices rose—to levels not seen for two weeks. A stronger reaction has been avoided, perhaps because of how investors view US President Trump’s political position. US retail gasoline prices remain well above pre-war levels, and it is the pre-war level that consumers think of as a “fair” price.

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## Transcript

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