Rob Verdonck

Oil held steady near US$82/bbl as Strait of Hormuz reopening prospects dimmed. Asian stocks set muted open ahead, with US inflation reports due to impact Fed decisions.

Half a million Australian homes, or about 4% of the total, have installed a residential battery under a government program that is transforming one of the world’s most volatile power markets.

Stocks in Asia were set to follow Wall Street lower as elevated oil prices stoke inflation concerns and hopes fade for a deal to end the Iran war.

West Texas Intermediate climbed 1% to US$85.30 a barrel early Tuesday after jumping almost 3% in the previous session.

UK Prime Minister Andy Burnham has halted plans to place Thames Water into administration because of concerns about the cost and legal risk, The Times reported, citing unidentified officials.

Stocks in Asia are set to follow Wall Street lower as renewed geopolitical tensions lifted oil prices, reviving inflation concerns and the prospect of further monetary tightening.

Australian households — world leaders in solar panel installations — are adding new units at the fastest pace in five years, defying forecasts for a slowdown as the grid pivots at pace toward renewables.

The Asian nation is tackling its worst blazes in years, and the resulting haze is choking neighboring countries.

Australia’s highest court ruled planning authorities weighing coal mine projects should consider climate change impacts triggered by the use of the fuel, potentially adding challenges for an export sector that generates A$70 billion ($49 billion).

Australian liquefied natural gas exporter Santos Ltd. said production in the three months through September hit a quarterly record, as it increased output from two major projects.