SMH.com.au·3 min read·medium
Wall Street dips as oil advances; SpaceX share lockup expires, ASX set to inch up
S
Staff writers
✦AI Summary
The Australian sharemarket saw a slight decline as investors reacted to global market trends and rising oil prices following tensions in the Strait of Hormuz. Meanwhile, US-based resource giants are engaging with the Trump administration regarding supply chain independence from China.
— 5:47pm , first published August 7, 2026 — 5:23am
businesseconomyworld
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