Event dossier

Oil price soars again as TACO Tuesday proves unpalatable

A key factor for shares, bonds, commodities and currencies remains consistently unchanged — the Strait of Hormuz is still effectively closed.

1 report1 sourceMar 24, 2026, 5:28 AM
FilterABC Australia
Clustered coverageABC Australia
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ABC AustraliaMar 24, 2026, 5:28 AM

Oil price soars again as TACO Tuesday proves unpalatable

A key factor for shares, bonds, commodities and currencies remains consistently unchanged — the Strait of Hormuz is still effectively closed.

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