Australia set up a government working group with the fertilizer industry to safeguard urea supplies at risk from disruptions linked to the war in Iran, Agriculture Minister Julie Collins said.
Two Democratic US Senators pressed the federal derivatives regulator to investigate suspicious oil futures trading in the lead up to President Donald Trump making two major announcements about military operations in Iran.
Oil switched from gains to losses, ahead of weekend talks between Iran and the US that will dictate the path ahead for a fragile ceasefire.
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