Business
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Middle East at war
Fuelled by subsidised diesel, Australia is running dry
The energy shock has put a sharp focus on decades of complacency and misguided subsidies.
- by David Fickling
Latest
Updated
World markets
ASX closes lower but Trump calms markets with 10-day deadline as oil slides
Conflict-driven volatility continues to ripple through Australia’s sharemarket as traders juggle tensions in the Middle East, uncertain if they will ease or escalate.
- by Staff writers
Cyclone hits Australian LNG plants, threatening 8% of world supply
Tropical Cyclone Narelle has forced cuts to Australian gas exports and added further pressure to global fuel markets.
- by Nick Toscano
Updated
World markets
ASX dips as Iran war uncertainty lingers; oil rises
The Australian sharemarket edged lower on Thursday, as oil prices climbed again amid conflicting comments from the US and Iran on efforts to end their war.
- by Staff writers
Qantas steps up flights to Europe as travellers scramble for options amid Iran war
The airline taps into strong demand for tickets after the war in the Middle East has led to thousands of flight cancellations by airlines using the Persian Gulf as a transit hub.
- by Chris Zappone
Opinion
World markets
The insider trading shadow hanging over Trump’s sudden backdown
A burst of unusual activity in markets this week has raised suspicions about insider trading.
- by Stephen Bartholomeusz
Updated
World markets
ASX claws back $55b on war hopes, inflation surprise; Oil slumps, airlines lift
The Australian sharemarket widened its gains amid optimism about Washington’s efforts to end the Middle East conflict, and inflation came in weaker than forecast.
- by Staff writers
The $830 million bet on oil minutes before Trump sent markets tumbling
A one-minute flurry of oil trades that occurred before a pivotal Donald Trump social media post has raised eyebrows.
- by Amanda Cooper
Updated
World markets
ASX edges higher as market rollercoaster continues; Miners gain, banks fall
The Australian sharemarket has closed slightly higher, amid fears of the war in Iran escalating.
- by Staff writers
Opinion
Middle East at war
The war may be over soon, but its damage will stay with us for years to come
The global economy, faced with higher energy costs and interrupted energy supply, has limited flexibility to blunt the aftershocks of the Iran war.
- by Stephen Bartholomeusz
Trump’s post sparks five minutes of chaos on markets
A post from the president set off wild movements that punctuated the most volatile trading day on Wall Street since the US-Israeli war on Iran began.
- by Alexandra Semenova, Isabelle Lee and Matthew Griffin