Rob Verdonck

Woodside Energy Group Ltd. has blocked the sale of a stake in the Browse liquefied natural gas project in Western Australia to Inpex Corp., eliminating the risk the Japanese company will push to route fuel to its own LNG plant.

Oil held losses after tumbling the most in more than two weeks on Monday as the US and Iran agreed to reopen the Strait of Hormuz, easing concerns over energy supplies and fueling a global equity rally. Stocks in Asia were set for a mixed open.

Asian stocks were set for a positive open after oil retreated on optimism about progress in peace talks between the US and Iran, offsetting weakness in Wall Street where drops in several tech giants weighed on benchmarks.

Japanese stocks were set to rise as the yen slid to a four-decade low against the dollar and a rebound in several US technology giants lifted Wall Street.

Stocks in Asia are poised to edge higher after a rally in several US technology giants revived confidence that the AI-driven bull market still has room to run.

Oil held gains and Asian stocks were set to track Wall Street lower after the standoff between the US and Iran intensified, raising concerns that disruptions to energy supplies could accelerate inflation.

Oil held near its highest close since mid-June — weighing on stocks and bonds — as an escalation in Middle East hostilities outweighed attempts to bring about a pause in the war.

Asian equities are set for a mostly weaker open after a selloff in chipmakers dragged US stocks lower, even as oil extended losses.

Oil held onto a rally as hopes faded for a deal to reopen the Strait of Hormuz, while Asian stocks were set for a muted start ahead of key US inflation reports.

Oil held steady near US$82/bbl as Strait of Hormuz reopening prospects dimmed. Asian stocks set muted open ahead, with US inflation reports due to impact Fed decisions.