ASX on edge as Iran’s Strait of Hormuz closure halts oil price drop (opens original article in a new tab)

ASX faces uncertainty as Iran's closure of the Strait of Hormuz threatens to halt oil price declines and may lead to higher interest rates.

• Iran claims to have closed the Strait of Hormuz
• US-Iran peace talks delayed due to Israel-Hezbollah conflict
• Potential for crude price increase and higher interest rates