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    Oil surge leads to ASX and bond sell-off, higher risk of RBA rate hike | ABC NEWS

    ABC News (Australia)
    September 11, 2026
    via ABC News (Australia)

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    Oil surge leads to ASX and bond sell-off, higher risk of RBA rate hike | ABC NEWS

    Around $90 billion has been wiped off the value of Australian shares this week. The ASX 200 index has dropped 6 per cent since hitting a record high in early August. Iran-backed Houthis have seized control of a key port in Yemen, posing a further threat to Red Sea traffic. The

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