Brisbane Times
·general
·10 hours ago
Oil price up, local shares to bounce back; US markets steady
Oil prices have risen to nearly $100 per barrel, while Australia's sharemarket is predicted to open 1.37 percent higher following steady performances in US markets. President Trump announced a blockade of the Strait of Hormuz, raising tensions with Iran, which could further impact global oil supplies. The international standard, Brent crude, climbed to $99.35 per barrel.
Summary by Glance · Brisbane Times
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