Market volatility as Middle East conflict impacts stocks

The Australian share market responded to escalating Middle East conflict with significant sector movements. Oil prices spiked initially by 13% before settling around 6% higher at $70 USD per barrel, boosting local energy stocks by 5%. Defence and safety assets rose, with gold reaching $5,300 USD per ounce and DroneShield up 10%, while travel stocks including Webjet, Flight Centre and Qantas fell approximately 5% due to airspace closures and route disruptions.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.