The Iran crisis oil shock is creating winners and losers in the sharemarket, but it may not be playing out as you expect. Yes QANTAS is hit, but diesel-guzzlers BHP and Rio re big winners. How's that? And why is Wall Street streaking ahead of the ASX once more even though both markets are facing the same energy issues?

Business columnist Eric Johnson joins Associate Editor - Wealth, James Kirby in this episode.

In today's show, we cover:

• New realities of the sharemarket after an oil price spike
• The AI boom resumes...where are the Aussie players?
• Firmus - The biggest IPO from a company you've never heard about
• If EVs are now red hot...is lithium about to boom again?