Tensions are brewing in the Middle East, after US and Iran exchanged fire against each other in the Strait of Hormuz, in the early hours.
Reports also coming in from UAE that their air defence engaged in 19 threats of Iranian missiles and drones. One attack was successful with impact on an oil port. We have seen oil prices rise in the early Tuesday session.
RBA, Reserve Bank of Australia, raised interest rates in its third consecutive meeting. This time by a split decision of 8-1 in favour. Now seeing interest rates at 4.35% for Australia.
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