Oil traders that normally thrive on volatility caught out by scale of crisis as energy shock unfurled
Oil traders that normally thrive on volatility caught out by scale of crisis as energy shock unfurled
Same desk, different stories
President Donald Trump says the US will hit Iran extremely hard over the next two to three weeks, prompting stocks to fall and oil prices to climb. (Source: Bloomberg)
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Australia will further cut fuel taxes to cushion households from rising prices as the Iran war upends global supply chains.
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Investor sentiment quickly soured as Trump's speech went on, with Asian markets and U.S. bonds dipping.
Countries across Asia are jockeying for leverage and adopting splintering approaches as they respond to US President Donald Trump’s call to open the Strait of Hormuz by themselves, amid mounting economic disruptions.