Aussie Markets Brace for More Volatility

0:00Reporting from the Daily News, now, I'm Corey, with the latest in Sydney, Australian share market futures are pointing to another down day on Friday, driven by rising tensions in the Middle East. The ongoing war there is shaking global trade and energy markets, with investors bracing for more volatility. Shipping routes are getting rerouted. Ships are stuck at ports, and freight firms are slapping on war-risk charges. This is creating big headaches for supply chains far beyond the conflict zone. Exporters are feeling the pinch-hard, from wool producers to high-end, wagyu beef companies. Everyday businesses are stuck waiting as costs climb and deliveries drag. Meanwhile, Wall Street took a tumble overnight as the conflict drags on. Brent crude oil prices have surged past $100 a barrel again. Markets are shrugging off the International Energy Agency's move to release 400 million emergency barrels. Energy supplies remain stressed, and traders expect the pressure to build.

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