The Age
·general
·1 hour ago
Global markets surge on US-Iran Strait of Hormuz deal hopes, oil falls
Global stock markets surged Wednesday on hopes the United States and Iran are nearing a deal to reopen the Strait of Hormuz, allowing oil shipments to resume. Brent crude fell 7.6 percent to $101.56 per barrel. The ASX is set to jump 1.1 percent at open, while Wall Street's S&P 500 climbed 1.2 percent and the Nasdaq rose 1.7 percent.
Summary by Glance · The Age
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