Markets Tugged by Oil and Inflation | Adelaide News

Markets brace for a volatile bounce as Aussie futures hint at a small gain after hitting a six-week low, amid Wall Street’s tumble and soaring oil prices triggered by Middle East tensions. Iran-backed Houthis strike Saudi energy sites, prompting U.S. strikes on Iranian tankers — escalating regional conflict. Domestically, the Reserve Bank’s deputy governor admits Australians are fed up with inflation and rising rates, signaling possible further hikes. Global unrest meets domestic pain — a complex, high-stakes day for investors.

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