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Iran re-closes Strait of Hormuz days after interim US-Iran truce, jolting ASX energy stocks

Iran re-closed the Strait of Hormuz over the weekend, abruptly disrupting roughly 20% of global seaborne oil exports. The move came only days after the US and Iran signed an interim peace deal, sending Brent crude sharply higher after it had slipped to US$79.38 a barrel. The confirmed physical supply interruption delivered an immediate shock to energy markets, driving volatility in ASX-listed Woodside, Santos and Beach Energy, with Beach reacting most sharply due to its greater oil-price sensitivity.
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Geopolitics