Australia Breaking News

Sunrise Energy Metals (ASX:SRL) announced an equity investment of US$5 million into US-based Agni Semiconductor.

Strata Investment (ASX:SRT) secured commitments to raise $8 million through a two-tranche placement of new Chess Depository Interests.

Sara Vakhshouri, founder of SVB Energy International, says the oil market has adapted to the Strait of Hormuz disruption and prices could fall to pre-war levels if the waterway "truly" reopens. She speaks with David Ingles and Yvonne Man on Bloomberg's The China Show.

IFM Investors has launched a final, sweetened takeover bid for Atlas Arteria (ASX:ALX), raising its offer to $5.10 per share.

Ora Banda Mining (ASX:OBM) signed a $233 million engineering, procurement, and construction contract with GR Engineering Services (ASX:GNG).

Australian energy junior AXP Energy (ASX:AXP) has secured a major strategic foothold in the re-emerging Syrian petroleum sector.

Robert Pape, University of Chicago's political science professor, says Iran's leverage isn't going to "disappear" because of the deal. He also said the lack of details from both sides added uncertainty. He speaks with David Ingles and Yvonne Man on Bloomberg's The China Show.

Sigma Healthcare (ASX:SIG) has walked away from preliminary discussions to acquire UK health and beauty retailer Boots.

Power Minerals (ASX:PNN) commenced its maiden diamond drilling campaign at the Morro do Ferro Rare Earths Project.

Woodside Energy (ASX:WDS) denied being in takeover talks with US oil giant ExxonMobil Corporation.

Eureka Group (ASX:EGH) has upgraded its financial outlook in a trading update for the financial year ending June 30.

Ben Cahill, non-resident senior associate for the Energy Security and Climate Change Program at CSIS, says even though the US and Iran were able to come to an agreement to halt the ongoing war and reopen the strait of Hormuz, energy markets "are not quite out of the woods yet", and there is still room for prices to run up even after the MOU is signed. He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade".