The Australian share market is likely to fall in morning trade after a US bond sell-off led to further losses on Wall Street. Oil prices slipped after Donald Trump said he had been an hour away from ordering an attack on Iran before postponing it. Follow live.

The Australian sharemarket has fallen at the open as higher oil prices and growing inflation concerns sent a shiver through the bond market over the weekend.

The US stock market fell from its records on Friday and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market.