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ASX Preview: Australian Shares Set to Rise as Oil Surges on Strait of Hormuz Security Fears; BHP Group Appoints Chief Enterprise Performance Officer

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Australian shares are poised to rise on Friday after oil prices jumped more than 2% overnight following reports of an attack on a cargo vessel near Oman that disrupted security concerns around the Strait of Hormuz and reignited fears over global crude supply flows.

Overnight, the S&P 500 and the Nasdaq Composite edged down 0.01% and 0.5%, respectively, while the Dow Jones Industrial Average rose over 0.1%.

In the macroeconomy, investors are eyeing the Reserve Bank of Australia's June monetary policy board meeting minutes next week.

In corporate news, BHP Group (ASX:BHP) appointed Edgar Basto as chief enterprise performance officer, effective Sept. 1.

DigiCo Infrastructure REIT (ASX:DGT) said Chief Executive Michael Juniper will not return from personal leave and has stepped down from his role, effective Friday.

Australia's benchmark index fell 0.7% or 59.7 points to close at 8,748.70 on Thursday.

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