{"id":107785,"date":"2026-03-02T01:37:35","date_gmt":"2026-03-02T04:37:35","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/896763541\/7vD7TMXxrjJJtGnT"},"modified":"2026-03-02T01:37:35","modified_gmt":"2026-03-02T04:37:35","slug":"asx-today-iran-war-impact-surprisingly-tame-as-goldies-price-in-watch-oil-shipping-etfs","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/02\/asx-today-iran-war-impact-surprisingly-tame-as-goldies-price-in-watch-oil-shipping-etfs\/","title":{"rendered":"ASX Today: Iran war impact surprisingly tame as goldies price in; watch oil & shipping ETFs"},"content":{"rendered":"
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\"The<\/p>\n

Join our daily newsletter At The Bell <\/strong> to receive exclusive market insights <\/h3>\n<\/p>\n<\/div>\n<\/div>\n
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Good Afternoon and welcome to HotCopper<\/em>\u2019s the ASX Today <\/em>for Monday of Week 10 of the year, I\u2019m Jon Davidson, and if there was one big takeaway today, it\u2019s that we perhaps didn\u2019t suffer as badly as many might have thought on the ASX200 today, despite the US and Israel jointly kicking off a war in the Middle East. <\/p>\n

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. <\/em><\/strong>On Spotify, Apple, and more<\/em><\/strong><\/a>.<\/p>\n

While I don\u2019t mean to say Iran was a perfect nation by any means, it was pre-emptive strikes on the Shia petrostate that prompted Iran to begin firing missiles and drones at its Middle Eastern neighbours hosting US bases. <\/p>\n

Kuwait, Qatar, and Jordan were all hit by Iranian missiles, and in the face of all of this, oil trading firms and shipping insurers have basically decided on an informal ban of shipping through the strait of Hormuz. <\/p>\n

Depending on how long that goes on, oil prices could climb well above US$80 a barrel, but despite all of this, the XJO stuck around a drop of four tenths of a percent intraday. <\/p>\n

Gold price reaction undersized?<\/span><\/h2>\n

At the time of writing, gold prices were only up around +1.5%, too, though this suggests that goldies had already priced in an Iranian war over the last two weeks. We\u2019ve had plenty of forewarning from Washington. <\/p>\n

Still, to this finance journalist at least, it\u2019s a somewhat more subdued reaction than was expected. Also telling is that Betashares\u2019 BBOZ bear ETF remains down -2% on a week by week basis. <\/p>\n

Defence stocks predictably shone with Electro Optic Systems climbing back to near record highs; Droneshield too, but not anywhere near former peaks. <\/p>\n

Oil price to suggest longevity <\/h2>\n

Oil will really be the big one to watch through the week as it will act as a barometer of how long the market expects this war to roll on. <\/p>\n

Trump has overnight US time said it will be a four week operation, if that\u2019s the case, that could mean that Brent Crude travels above US$90 a barrel, which could make things interesting for global inflation, especially considering the US Fed, and the RBA. <\/p>\n

Anyway, as for Monday, not too much bloodshed, as long as you\u2019re only talking metaphorically. <\/p>\n

Looking around the traps: Karoon Energy<\/strong> was the winner of the day above other producing ASX energy stocks though perhaps only because it\u2019s the cheapest serious contender; Bell Potter whacked a buy rating on Coles <\/strong>that saw some of its earnings losses pared back and Silver Mines Ltd <\/strong>climbed, reacting to an uptick in silver prices. <\/p>\n

Curiously, 4D Medical also popped back above $4 a share, for reasons that are anybody\u2019s guess. <\/p>\n

That\u2019s the ASX Today <\/em>for Monday, I\u2019m Jon Davidson, wish for peace and calm overnight and we\u2019ll see you tomorrow, unless you\u2019re a defence investor of course. <\/p>\n

Join the discussion:<\/strong> See what\u2019s trending right now<\/a> on HotCopper, Australia\u2019s largest stock forum, and be part of the conversations that move the markets.<\/p>\n

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click<\/em> here<\/em><\/a>. <\/p>\n<\/p><\/div>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… this, oil trading firms and shipping<\/span> insurers have basically decided on … an informal ban of shipping<\/span> through the strait of Hormuz …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-107785","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/107785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=107785"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/107785\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=107785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=107785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=107785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}