May 11, 2026

Oil climbs as Netanyahu and Trump remarks stoke worries over rising Middle East tensions

Oil climbs as Netanyahu and Trump remarks stoke worries over rising Middle East tensions

The Liberia-flagged crude oil tanker Shenlong Suezmax successfully docked at Mumbai Port after navigating the high-risk Strait of Hormuz amid the intensifying West Asia conflict on March 11, 2026 in Mumbai, India. Hindustan Times | Getty Images Oil prices jumped Monday after Israeli Prime Minister Benjamin Netanyahu warned that the conflict with Iran was “not

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ASX slumps as oil prices rise; CSL plunges as it reveals further $6.9b in writedowns

ASX slumps as oil prices rise; CSL plunges as it reveals further $6.9b in writedowns

Staff writers Updated May 11, 2026 — 10:40am, first published May 11, 2026 — 5:24am The Australian sharemarket has fallen sharply at the open with the United States and Iran rejecting each other’s latest peace proposals to end the Middle East conflict as the two sides struggle to maintain a fragile ceasefire. The S&P/ASX 200

ASX slumps as oil prices rise; CSL plunges as it reveals further $6.9b in writedowns Read More »