Australia’s share market has clawed back some early losses to end the session flat, despite oil trading at one-month highs as the US and Iran ramp up attacks in the Persian Gulf.<\/p>\n
Fighting has intensified in the gulf, prompting US President Trump to reinstate a US blockade of Iranian ships and threaten to impose a toll for safe passage through the Hormuz Strait.<\/p>\n
The charge would work out to roughly $US32 million ($A42.5 million) for a fully loaded large carrier at current prices, according to Bloomberg, dwarfing a $US2 million fee proposed by Iran that US officials had previously derided as unacceptable.<\/p>\n
The S&P\/ASX200 traded flat at 8,808.5 on Tuesday as the broader All Ordinaries slipped 1.7 points, or 0.02 per cent, to 9,001.3.<\/p>\n
Energy and utilities stocks outperformed the market, while an uplift in gold, copper and iron ore futures helped support the raw materials sector after an early dip.<\/p>\n
The Australian dollar is buying 69.33 US cents, up from 69.29 US cents on Monday at 5pm.<\/p>\n","protected":false},"excerpt":{"rendered":"Australia’s share market has clawed back some early losses to end the session flat, despite oil trading at…\n","protected":false},"author":2,"featured_media":205704,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[26],"tags":[5901,207,42,39],"class_list":["post-205703","post","type-post","status-publish","format-standard","has-post-thumbnail","category-persian-gulf","tag-aap","tag-markets","tag-news","tag-persian-gulf"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116917162548695725","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/205703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=205703"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/205703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/205704"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=205703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=205703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=205703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}