Australia’s markets poised for a strong start as tech and semiconductors rebound from Wall Street gains, while oil surges to a five-week high on escalating U.S.-Iran tensions and looming strikes against Iran’s nuclear sites. The U.S. also eyes Iran-backed Houthi rebels amid a naval blockade threatening Saudi trade routes, raising global energy supply fears. Wall Street closed positive across major indices, fueled by tech’s comeback and high expectations for AI-driven earnings. Crude benchmarks Brent and WTI climb sharply, adding pressure as Saudi exports dip for the third straight month—watch this space as geopolitical risk and tech optimism collide.
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