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Australian Financial Review

ASX set to open lower as Brent crude climbs above $US90 amid rising Middle East tensions

AI Market Summary
Rising Middle East tensions after Trump threatened action against Oman amid Iran-related negotiations pushed Brent above $90, reinforcing a geopolitical risk premium in energy. Equity futures weakened (ASX 200 -0.5%, S&P 500 -0.4%) and volatility rose, while gold gained on risk-off flows. The setup implies near-term pressure on risk assets and stronger sensitivity to headline-driven energy and shipping risks.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+3.05%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Global markets came under pressure after President Donald Trump threatened to bomb Oman if it interferes with his negotiations with Iran on the Strait of Hormuz. Brent crude rose above $US90 a barrel as tensions in the Middle East escalated. ASX 200 futures fell 0.5%, while the S&P 500 was down 0.4%. Safe-haven demand lifted gold 0.7%, while the Australian dollar edged up against the US dollar.
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