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Oil prices jumped 25% to $115/bbl amid Iran tensions, raising Australian petrol to $2.50/L and triggering emergency fuel releases.
Global oil prices surged 25% to $115 a barrel amid Iran-related tensions, spurring an 8% drop in the ASX and pushing Australia’s petrol prices to $2.50 per litre, prompting emergency fuel releases.
88 Energy’s share price more than doubled after announcing a proposed oil hub on Alaska’s North Slope near major fields like Prudhoe Bay, benefiting from rising demand for secure U.S. energy.
Aguia Resources rose over 71% after securing a key mining concession in Brazil for its Três Estradas phosphate project, clearing a major regulatory hurdle ahead of plant commissioning by late April.
The Reserve Bank of Australia may consider rate hikes due to inflation pressures, while clean energy momentum stalled and coal stocks regained favor.
Los precios del petróleo subieron un 25% a $115/bbl en medio de las tensiones con Irán, elevando la gasolina australiana a $2.50/L y provocando liberaciones de combustible de emergencia.