Brisbane Times
·general
·2 hours ago
Australian sharemarket braces for volatility as Hormuz tensions rise
The Australian sharemarket faces uncertainty as the Strait of Hormuz was closed again by Iran's Islamic Revolutionary Guards Corps on Sunday. Oil prices, which had previously plunged as the waterway was announced open, are expected to rise with ongoing tensions. The ASX is set for a volatile start as traders react to the situation.
Summary by Glance · Brisbane Times
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