The Australian market is set to fall after Wall Street closed down. Overnight, President Donald Trump threatened that the US military was "going to be attacking" Iran if no peace deal was agreed, claiming Tehran was "playing us for suckers".Gold also plunged 4.5 per cent. Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.PinnedThu 11 Jun 2026 at 8:04amThu 11 Jun 2026 at 8:04amMarkets snapshotBy Yiying LiAustralian dollar: -0.1% to 69.96 US centsWall Street: S&P500 (-1.6%), Dow (-1.8%), Nasdaq (-2%)Europe: Dax (-1%), FTSE (+0.3%), Eurostoxx 50 (flat)Spot gold: -4.4% to $US4,073/ounceBrent oil: +3.9% to $US95/barrelIron ore: +0.2% to $US107.1/tonneBitcoin: -0.9% to $US61,200Prices current at around 8:04am AESTLive updates on the major ASX indices:Collapse all postsFilter PostsAll5Key Events2Market snapshot1Markets1Key EventThu 11 Jun 2026 at 8:53amThu 11 Jun 2026 at 8:53amJB Hi-Fi to refund consumers over alleged 'misleading' pricingBy Emily StewartJB Hi-Fi Group will refund more than $250,000 in total, to about 200 customers over alleged misleading pricing.The Australian Competition and Consumer Commission (ACCC) says it monitored JB Hi-Fi's online product pricing from March to September 2025 and alleges the company may have misled consumers with advertised pricing claims.It's alleged the retail giant promoted 17 products as discounted from a previous higher price, when the products were either never offered for sale at the higher price, or only offered at the higher price for a short period, or at a higher price long before the promotion."Businesses must not mislead consumers with incorrect pricing displays, including listing incorrect 'was' prices when advertising promotions, whether online or in store," ACCC Commission Luke Woodward said."JB Hi-Fi's conduct deprived consumers of the opportunity to make informed purchasing decisions based on accurate information, as they may have decided not to buy the products if they knew the claimed discount was not genuine."The company has provided some refunds automatically and contacted affected customers directly to arrange a refund.The ACCC says the misleading prices were largely due to system errors or human error, some of which JB Hi-Fi proactively took action on prior to the consumer watchdog's investigation.The ACCC has decided to resolve this matter without taking further formal enforcement action.Thu 11 Jun 2026 at 8:36amThu 11 Jun 2026 at 8:36am🎥: Fuel crisis accelerates race to electrify as businesses get off dieselBy Yiying LiThe Middle East war and the oil supply squeeze have supercharged the shift in businesses away from diesel towards renewable energy. My colleague David Taylor has more.Thu 11 Jun 2026 at 8:16amThu 11 Jun 2026 at 8:16amEquities drop while oil rallies with Iran-US tensions and high inflation in focusBy Yiying LiMSCI's global equities index fell 1.5% on Wednesday after economic data showed US inflation was high but in line with expectations.Oil prices rose as hopes for Middle East peace progress dwindled after Iran and the United States exchanged strikes and threats.Oil prices extended gains after US President Donald Trump threatened that the United States would attack Iran "very hard" if no peace deal is reached.Earlier, Trump wrote in a social media post that Iran would "pay the price" after taking too long to negotiate.US crude settled up about 2.1% at $US98.03 a barrel.Reporting with ReutersKey EventThu 11 Jun 2026 at 7:48amThu 11 Jun 2026 at 7:48amASX set to fall after Wall Street closed downBy Yiying LiHello everyone and happy Thursday!Welcome to another day on the finance blog!