Australian shares traded lower at midday on Friday, with the S&P/ASX 200 down 25 points, or 0.27 per cent, to 9,246.6 at 12.10pm AEST. The market pulled back from recent record highs as renewed uncertainty over the Strait of Hormuz lifted Brent crude towards US$80 a barrel, following Iran’s proposal to restrict US and Israeli ships under a potential deal with Qatar. Financials led the declines, with all four major banks weaker ahead of next week…
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.