SYDNEY, July 13 : Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar gained with bond yields as investors nudged up the chance of a hike in intere

Markets face more uncertainty after a wave of strikes on Iran over the weekend and Tehran closed the Strait of Hormuz to shipping.

SYDNEY, July 13 : Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices…

SYDNEY, July 13 : Share markets slid in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging…

Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and…

Brent crude climbs 3.3 per cent in early trade to reach $78.50 a barrel

New clashes over control of Strait of Hormuz put investors in ‘risk-off’ mode

The Australian sharemarket has retreated at the open while oil prices surged after the United States and Iran escalated their grapple for control over the Strait of Hormuz.

By Kimberley Kao and Megan Cheah