Brent Crude & EITC

Brent Crude: Brent Crude prices edged higher after dropping significantly, influenced by the resumption of shipping through the Strait of Hormuz and hopes for a peace deal between the United States and Iran. Its price fluctuations are a key factor in global inflation concerns.

EITC: SLB Ltd's stock rose, reflecting positive sentiment in the energy services sector.

Brent Crude: Brent crude prices have risen sharply due to the Iran war and the closure of the Strait of Hormuz, impacting global inflation and economic outlook.

EITC: Matthew Biggin, senior commodities analyst at EITC, warns that reduced fertilizer application in Australia could be an ominous sign for global yields.