Australian energy stocks fall as oil prices slide 2%
26/08/2026 03:53
BUZZ-Australian energy stocks fall as oil prices slide 2% ** Australian energy stocks .AXEJ fall as much as 2.9%, posting their biggest intraday pct loss since July 27
** Sub-index hits its lowest level since August 17
** Oil prices drop about 2% on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway O/R
** Woodside Energy WDS.AX falls over 4%, while Santos STO.AX loses 2%
** AXEJ up nearly 30% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
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