ASX set to slip, oil surges as US reinstates Hormuz blockade
The Age
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Oil prices are climbing following a weekend of attacks in the Middle East, while more losses for computer chipmakers and other winners of the artificial-intelligence boom weigh on stock markets.
US Reimposes Hormuz Blockade, Demands Tolls
- US and Iran vie for Strait of Hormuz, waterway key to global energy supplies, in latest attacks ABC7 Los Angeles —
- U.S. Strikes New Targets After Iran Rejects Demand to Open Hormuz Wall Street Journal —
- Trump reimposes US blockade and demands 20% Hormuz shipping fee Euronews —
- Trump reimposes Iran naval blockade, threatens Hormuz fees France 24 —
- Middle East crisis: US to resume naval blockade of Iranian ports, warns vessels of interception Times Of India —