Key News Overnight:
The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf, escalating tensions between the two rivals despite denials from officials in Tehran and without providing evidence for the claim.
Pro-Brexit campaigner Boris Johnson took a huge lead in the race to become Britain’s next prime minister, after his Conservative colleagues in Parliament overwhelmingly backed him as their preferred candidate.
Vale SA climbed to the highest in almost two months amid mounting optimism the world’s largest iron ore producer will soon be able to revive some shuttered operations, allowing it to resume dividend payments sooner than planned.
Oil’s rebound from a five-month low after tanker attacks in the Middle East was tempered by concerns over weak global demand and rising U.S. inventories.
Copper rose after fluctuating between gains and losses for most of the session as supply risks and rising oil prices outweighed global-growth worries. Workers at a Codelco mine plan to down tools on Friday after failure to reach a labour agreement.
In This Issue:
Oil Markets Threatened by Strait of Hormuz | Analyst | Michael Eidne
WA Unemployment | Analyst | Ian Christie
Saracen Mineral Holdings (SAR) | Takeover offer for Bligh Resources| HOLD | Analyst | Matthew Keane
Austal (ASB) | Into the S&P/ASX 200 | HOLD | Analyst | Ian Christie
Ausdrill (ASL), Metro Mining (MMI), Dacian Gold (DCN)