Qantas shares drop 10 percent following strikes on Iran
Shares in Australia's flag carrier fell 10.4% to A$8.92 on Monday morning. The drop followed weekend strikes on Iran which caused a surge in global oil prices.
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Shares of Australia's national carrier, QANTAS AIRWAYS LTD, experienced a sharp decline on Monday morning as geopolitical tensions escalated. The stock plummeted more than 10% to its lowest level in 10 months following a weekend of military developments in the Middle East.
