Fortescue Ltd (FMG) v Iron Ore ($US/MT) - Market Matters

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Home Charts Fortescue Ltd (FMG) v Iron Ore ($US/MT)

11/05/2026

Fortescue Ltd (FMG) v Iron Ore ($US/MT)

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Afternoon report 25/05/2026

The Match Out: Oil drops on Iran optimism as gold and coal steal the show

The ASX finished modestly higher to start the week as oil prices fell more than 5% on growing optimism that a US-Iran deal to reopen the Strait of Hormuz could be imminent.

Morning report 25/05/2026

Macro Monday: Markets are pricing an imminent deal

Over the weekend, President Donald Trump said a peace agreement with Iran had been “largely negotiated” and indicated a deal to reopen the Strait of Hormuz could be announced shortly. Iran also signalled negotiations were progressing, while US Secretary of State Marco Rubio said there may be “some good news” on the key shipping route in the coming hours, raising hopes the conflict may finally be moving toward de-escalation.

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