Jun 28, 2026 – 12.15pmTraders are hopeful that the start of a new financial year this week will spur gains across the Australian sharemarket, even as reigniting tensions in the Middle East and volatility among Wall Street’s big tech players are threatening to send fresh jitters through the exchange.Futures point to the S&P/ASX 200 rising 0.2 per cent at the opening bell on Monday, building on gains late last week. But two days of US strikes on Iran in retaliation to an apparent strike on a container ship travelling through the Strait of Hormuz has jeopardised the two-week-old ceasefire agreement and stoked fears for a resurgent energy supply crunch.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles