Trump vow to hit Iran hard in response and reports of a Saudi VLCC halted after being struck by projectiles in the Strait of Hormuz
The fiasco between U.S. and Iran persists as both sides are playing hardball again. More disruption is expected and we are seeing oil price gaining more than half a USD/b. Major equity indexes are soft with precious metal also lower.
AUD/USD is trading 0.03% higher at 0.7169.