‘Hit Them Hard’: ASX Slides on Trump Vow
Energy shares rose as Brent crude climbed to $US91 a barrel, while consumer and technology stocks dragged the ASX 200 lower.
- The ASX 200 started September on the back foot, falling 9.30 points to 9,066.70 after five straight months of gains as rate-hike fears and Middle East tensions weighed on sentiment.
- Renewed exchanges of fire between the United States and Iran near the Strait of Hormuz on Monday drove benchmark Brent Crude oil prices as high as US$91 a barrel, amplifying global energy volatility.
- Energy providers offset broader declines, with Santos and Ampol shares climbing 1.72 per cent, while consumer stocks led losses as Wesfarmers slumped 2.97 per cent and Harvey Norman fell 2.57 per cent.
- Collins Food reported record revenues of $1.592bn and signed a $1.5bn Onshoring Agreement, while CSL shares firmed and Pinnacle Investment Management plunged 10.1 per cent after closing Platypus Asset Management.
- President Donald Trump stated the United States has taken over the critical Strait of Hormuz to facilitate transit, with the military averaging 30 ships a night to maintain open commercial shipping.
51 Articles
51 Articles
After a month-long hiatus, the US and Iran have attacked each other militarily again. The fight is increasingly about control of the important Strait of Hormuz. “This has become a kind of conflict of attrition,” says Erika Holmquist at FOI.
The army of the Islamic Republic attacked ships owned by the United States, firing several rockets at them. They were in the Strait of Hormuz at the time of the attack. This was reported by the Iranian Press TV channel. The media notes: There are reports that Iran has fired missiles at American ships
Channels Television
US Resumes Strikes On Iran Over Strait Of Hormuz
Tehran has effectively blocked the Strait of Hormuz, a strategic sea lane through which one-fifth of the world's oil passed before the United States and Israel triggered hostilities with strikes on Iran on February 28. The post US Resumes Strikes On Iran Over Strait Of Hormuz appeared first on Channels Television.
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- 65% of the sources lean Right
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