Oil price falls as ships traverse Hormuz, ASX closes down 0.2 per cent | Finance Report | ABC NEWS
Community Score: 50% | 2.8K views | 1w
0 community ratings: null thumbs up, null thumbs down
The oil price fell as more ships passed through the Strait of Hormuz. Locally, the ASX 200 closed down 0.2 per cent as investors sold banks and miners. The biggest upward mover was gold miner Vault Minerals, caught in a takeover battle between two rivals. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-07-06/asx-markets-business-live-news/106854126 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, oil prices, Strait of Hormuz, ASX 200, Australian share market, Vault Minerals, gold mining stocks, takeover battle, mining shares, Australian economy, finance report, commodities, shipping, Middle East tensions, investor sentiment, stock market, market update
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%