Oil rises 2% as Iran blockade fears grow
Brent crude futures rose 1.64% to $88.50 a barrel on Friday, while West Texas Intermediate crude climbed 1.92% to $82.81 as renewed U.S.-Iran tensions raised supply concerns.

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Brent crude futures rose 1.64% to $88.50 a barrel on Friday, while West Texas Intermediate crude climbed 1.92% to $82.81 as renewed U.S.-Iran tensions raised supply concerns.
South Korea is tightening oversight of stablecoin transactions after about US$367 million in stablecoins reportedly moved offshore.
JPMorgan Chase reportedly ended its banking relationship with prediction market platform Polymarket, according to the Financial Times.
Kalgoorlie Gold Mining (ASX:KAL) completed its aircore drilling campaign at the Flexure target located southeast of the Pinjin gold deposits.
Figure reported higher loan marketplace volume and profitability in the second quarter as lending activity increased across its platform.
AustralianSuper increased its substantial holding in Qantas (ASX:QAN) from 6.29% to 7.32%.
Developer Andre Cronje said decentralised finance is evolving into broader onchain finance as blockchain-based financial services become more integrated.
PEXA Group (ASX:PXA) has signed an agreement to sell its artificial intelligence property tool, Value Australia, to an unlisted entity.
Robinhood Chain could affect liquidity flows across decentralised finance platforms, with analysts watching Uniswap (CRYPTO:UNI) activity closely.
Sierra Nevada Gold (ASX:SNX) commenced a strategic review of five Nevada exploration projects to prioritise Saudi Arabian operations.