fintech / news / / Australian Financial Review
The Australian stock market is poised for a rocky start to the week following on-again, off-again control of the Strait of Hormuz.
Iran reversed its decision to reopen the Strait of Hormuz over the weekend, adding market uncertainty.
KEY POINTS
- Iran cited the US blockade of its ports as the reason for re-closing the Strait.
- Brent crude prices are predicted to rise, reversing Friday’s 9% drop below $US90 per barrel.
- Futures gains for the S & P/ASX 200 are now uncertain due to Iran’s renewed strait control.
COMPANIES
Summarized by Newsio from Australian Financial Review. How we summarize →