Stay up to date with what’s happened in the Australian economy and markets over the past month.
The escalating war in the Middle East has seen extreme volatility in global markets, particularly in the US.
Brent crude recorded a monthly surge of nearly 70%. It was trading above $115 per barrel by month’s end, its highest level in years. The closure of key shipping routes through the region sent shockwaves through energy markets worldwide.
The ASX 200 experienced a volatile month, driven by geopolitical tension, energy price fears, and inflation concerns. It recorded a decline of around 8% – its worst monthly performance since March 2020, although the index is still higher than it was a year ago.
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