The Age
·general
·3 hours ago
Australian sharemarket faces uncertainty as Strait of Hormuz closes again
The Australian sharemarket faces uncertainty as the Strait of Hormuz was closed again by Iran's Islamic Revolutionary Guards Corps, impacting global oil trade. Oil prices, which had previously tumbled, are set to rise amid escalating geopolitical tensions. Wall Street's gains have been overshadowed by fears of ongoing conflicts in the Middle.
Summary by Glance · The Age
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