SMH
·australia
·2 hours ago
Stocks drop worldwide; Oil spikes; Telstra hit by fresh faults
Global stock markets fell on Wednesday following President Trump’s doubts about a ceasefire in Iran and rising oil prices. Oil surged 6.12 percent to $78.70 per barrel, raising concerns over inflation and potential interest rate hikes. Telstra faced a second network fault, causing a 3 percent drop in its shares to $4.92.
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Published 08 Jul 2026, 20:30 UTC · Updated 08 Jul 2026, 20:40 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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