BHP share price slides 2.6% after ASX rout as Hormuz shock reshapes the week ahead
BHP shares fell 2.6% to A$57.70, ending a two-day rally, as the S&P/ASX 200 dropped 1.34% to 9,077.30. Miners led declines after a senior Iranian official threatened ships in the Strait of Hormuz, pushing oil and freight prices higher. Rio Tinto lost 2.4% and Fortescue dropped 4.5%. Traders are watching BHP’s March 5 ex-dividend date and the Reserve Bank’s March 17 meeting.