Copper Futures ($US)

01/05/2023

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Afternoon report 26/05/2026

The Match Out: US strikes rattle the open but the ASX refuses to panic

The ASX dropped to open the session but clawed back some of the losses through the day with the local market digesting fresh US strikes on Iranian targets this morning. While the escalation initially rattled sentiment, investors seemed reluctant to panic, with oil prices remaining relatively subdued despite the developments.

Morning report 26/05/2026

What Matters Today: After the War – How to Play Energy if Hormuz Reopens

The ASX 200 enjoyed a far better day than the Futures market was suggesting on Saturday morning, as hopes for a deal to end the US-Iran conflict improved investor confidence and pushed oil prices down by more than 4% during our trading session. Global markets from Tokyo to China and Australia embraced news that officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows - we’ve heard it before.