SMH
·australia
·4 hours ago
ASX set to slip, oil surges as US reinstates Hormuz blockade
Oil prices surged 7.8 percent to $81.92 per barrel following U.S. and Iranian claims of control over the Strait of Hormuz. Meanwhile, the Australian sharemarket is set to dip by 0.1 percent at the opening, reflecting broader declines in tech stocks including a 4.9 percent drop in Micron Technology on Wall Street.
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Published 13 Jul 2026, 19:21 UTC · Updated 13 Jul 2026, 19:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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