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6 articles summarized · Last updated: LATEST

Last updated: August 9, 2026, 8:36 PM ET

Energy & Commodities

Oil prices climbed as hopes for a Strait of Hormuz breakthrough faded, while oil extended gains after Houthi militants claimed an attack on a Saudi refinery. The Iran-Oman stalemate continues to tighten supply expectations, pushing crude higher.

Equities & Corporate

Treasury Wine flagged a A$558.4 million ($395 million) post-tax writedown ahead of its full-year earnings, citing excess US supply. Westpac reported a slight profit increase as deposit growth offset CEO caution over a moderating housing market.

Regulation & Geopolitics

A near miss between a Jetstar and Qatar Airways plane at Sydney airport triggered a safety probe, the second incident in two weeks. Meanwhile, a Beijing crackdown on offshore capital flows has targeted the brokerage of billionaire Leaf Li, tightening controls on Chinese money moving abroad and weighing on sentiment for Chinese equities.