US Iran strikes send oil prices higher shares lower
Australian shares recorded their weakest session in weeks after renewed US-Iran military exchanges reduced prospects for de-escalation. Oil prices rose sharply on supply concerns.
Topic cluster
escalating
1 source grouped by AFBytes in World
AFBytes briefing
Rising oil prices increase fuel and energy costs for American households and businesses. Equity declines reduce retirement account values and household wealth.
What to watch next
- Watch the next weekly US inventory report and any OPEC+ statements for signals on supply response.