ASX set to slump, Wall Street falls as oil climbs to its highest mark since May
AI Summary
ASX is expected to decline alongside Wall Street as oil prices surge to their highest level since May, driven by ongoing conflict involving Iran that disrupts global crude supply chains. The rising oil prices exert pressure on global markets.
Oil prices keep jumping as the war with Iran keeps clogging the global flow of crude.
World Conflict Markets Commodities Energy ASX Wall Street oil prices Iran conflict crude supply market decline