Iran sets off price shock, private credit pain spreads & WFH battle reignites

Mandy Coolen0:00

[upbeat music] The Australian Financial Review.

James Thomson· Host0:06

[upbeat music] Hello, I'm James Thompson, senior Chanticleer columnist at the AFR. Welcome to our weekly news breakdown of all things business, finance, and markets. [upbeat music] With me today, as always, it's my Chanticleer colleague. He's the journalist that hates working from home. It's Anthony McDonald. How are you, Anthony?

Anthony Macdonald· Host0:31

I come to work for a break, James.

James Thomson· Host0:32

[laughs] Yeah, fair enough. [upbeat music] This week we delve into the world's biggest are they or aren't they talking kerfuffle in Iran. We spot a few more cockroaches in private credit's kitchen, and we take a question on oil companies and their super profits. [upbeat music] But first, Anthony, we learnt this week that work from home is never far from the headlines. The International Energy Agency has recommended work from home as a way to deal with the oil crisis, along with the very obvious measures like reducing non-essential air travel and leaving the car at home. Now, these were pretty innocuous comments, I thought. But geez, business reacted straight away, saying, "Come on, this ain't COVID, mate. Let's not go through this whole work from home thing again." Now, the funny thing is, I thought, well, well the work from home debate was sort of largely