ASX slips as oil surges above $US100 on US threat of Gulf blockade | Finance Report | ABC NEWS

Oil prices have surged back above $US100 a barrel, and global markets remain on edge after the failure of the US-Iran peace talks and the US president's threat to launch a naval blockade of the Strait of Hormuz.
Alan Kohler also explains how the economy contributed to Viktor Orbán's defeat in Hungary's election.

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