Australian markets are set to rise this morning, as oil falls on hopes of a diplomatic way out of the war in Iran. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

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…

The Australian sharemarket has jumped higher at the open as pressure from the bond market eased overnight and oil prices fell after President Donald Trump said the US is in the…