September 1, 2026

ASX set to slump as Wall Street falls on higher oil prices, yields

ASX set to slump as Wall Street falls on higher oil prices, yields

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Damian Troise and Alex Veiga Updated September 2, 2026 — 10:43am, first published September 2, 2026 — 5:18am The Australian sharemarket has opened sharply lower after Wall Street fell as another round of US military strikes on Iran sent oil prices higher, stoking worries about stubbornly high inflation. A bond market sell-off deepened, putting more […]

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US launches new airstrikes on Iranian targets as hostilities flare

US launches new airstrikes on Iranian targets as hostilities flare

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The US launched new airstrikes on Iranian targets on Tuesday, quashing hopes that an exchange of fire last ⁠weekend might not presage a ⁠wider renewal of hostilities. Oil prices had ​already risen after that first exchange of direct attacks since July and after reports of two tankers being hit leaving the strait of Hormuz, the

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Russia cuts 2026 oil output forecast to 17-year low amid refinery disruptions

Russia cuts 2026 oil output forecast to 17-year low amid refinery disruptions

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Russia has revised its 2026 oil production forecast to 511 million tonnes, marking the lowest level since 2009. This adjustment represents a significant reduction from earlier projections of 525.2 million tonnes for 2026. The revised forecast aligns with 2025’s output levels but highlights a shift away from previously anticipated increases in production over the coming

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Oil Prices Jump as U.S.-Iran Clashes Reignite Strait of Hormuz Supply Fears

Oil Prices Jump as U.S.-Iran Clashes Reignite Strait of Hormuz Supply Fears

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TLDR Brent crude rose to $91.87 and WTI climbed to $87.15 on Tuesday as U.S.-Iran tensions escalated U.S. forces struck Iranian military targets on Larak Island; Iran retaliated with missiles at U.S. facilities in Jordan Tanker traffic through the Strait of Hormuz fell to just 5 vessels per day, well below the 10-day average of

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