Published • loading... • Updated
Oil Slips, Aussie Shares Advance on Peace Deal Hopes
Oil dropped 5% as traders priced in a near-term US-Iran deal that could reopen the Strait of Hormuz, officials said.
- The S&P/ASX 200 Index rose 0.1% on Monday as crude oil prices slid nearly 5%, driven by optimism that negotiations between the United States and Iran could soon reopen the Strait of Hormuz.
- President Donald Trump stated Sunday he informed negotiators 'not to rush into a deal' with Iran, despite reports a memorandum of understanding to reopen the Strait is 'largely negotiated'.
- Energy stocks like Woodside Energy and Santos weakened on the oil price pullback, while gold miners Northern Star and Evolution Mining surged as investors sought safety amid inflation concerns.
- Investors are focusing on inflation, awaiting Personal Consumption Expenditures index data this Thursday to gauge how Federal Reserve Chair Kevin Warsh will manage interest rates after recent hotter-than-expected reports.
- The United States blockade on Iranian ships will remain in full force until an agreement is signed, as unresolved issues including uranium stockpiles and frozen assets continue to threaten swift resolution.
Insights by Ground AI
23 Articles
23 Articles
The Star Kuala LumpurReposted by 
Zawya
ZawyaStocks rise sharply, oil and dollar slip on Middle East peace hopes
SINGAPORE: Stocks surged on Monday while the U.S. dollar and oil prices slid as the prospect of a deal to end the Iran war buoyed risk appetite although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check.
·Malaysia
Read Full Article
Asian shares mostly gain and oil prices fall after Trump says peace ta
TOKYO (AP) — Asian shares mostly rose Monday and oil prices plunged after U.S. President Donald Trump said talks on ending the war with Iran are progressing. Japan’s benchmark Nikkei 225 surged 2.8% to 65,130.03. Australia’s S&P/ASX 200 added 0.4% to 8,692.00. The Shanghai Composite gained 0.8% to 4,143.97. Trading was closed in South Korea and Hong Kong for holidays marking Buddha’s birthday. Markets will be closed in the U.S. on Monday for Mem…
·Baltimore, United States
Read Full Article
Coverage Details
Total News Sources23
Leaning Left4Leaning Right5Center5Last UpdatedBias Distribution36% Center, 36% Right
Bias Distribution
- 36% of the sources are Center, 36% of the sources lean Right
36% Right
L 28%
C 36%
R 36%
Factuality
To view factuality data please Upgrade to Premium
