NAB share price drops nearly 3% as oil shock hits ASX banks — what to watch next
National Australia Bank shares fell 2.9% to A$47.62 on Monday, underperforming peers as oil prices surged after Middle East tensions. Westpac, ANZ, and Commonwealth Bank also declined. The S&P/ASX 200 edged up 0.03% to a record high, led by energy and gold stocks. Brent crude jumped 6.4% to $77.57 a barrel amid concerns over disrupted traffic through the Strait of Hormuz.