Overview
Oil prices are set to rally while the Australian sharemarket is poised for a rocky start to the week following on-again, off-again control of the Strait of Hormuz.
Iran had announced the reopening of the critical shipping channel only to reverse its decision over the weekend, adding fresh uncertainty to the war that the United States and Israel launched on February 28.
Source: https://www.afr.com/markets/equity-markets/shares-to-drop-as-oil-prices-climb-20260419-p5zp6q