Market drops after US strikes on Iran; ASX Ltd tumbles on costs spike; Atlas Arteria expert says IFM bid undervalues stock; Formica ups Magellan stake; JPMorgan ups iron ore outlook. Follow live.

The Australian sharemarket has climbed at the open while oil prices have tumbled on rising hopes of an end to the Middle East conflict.

The Australian sharemarket closed in the green while oil prices fell, amid rising hopes of an end to the Middle East conflict.

Optimism about a US-Iran deal boosts shares and $A; coal miners rally on China mine disaster; Guzman y Gomez faces potential US lawsuit; Charter Hall jumps on guidance upgrade.…

The Australian share market is expected to fall, with ASX 200 futures pointing to a negative start to the week. That comes despite the Dow Jones hitting new records and as the…

Market drops after US strikes on Iran; ASX Ltd tumbles on costs spike; Atlas Arteria expert says IFM bid undervalues stock; Formica ups Magellan stake; JPMorgan ups iron ore…

Global stocks rose to record highs as crude oil fell after officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows.

The Australian sharemarket opened lower after the US military said it carried out “self-defence” strikes in southern Iran, triggering doubts about an imminent end to the war.

Global stocks rose to record highs as crude oil fell after officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows.

Global stocks rose to record highs as crude oil fell after officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows.

The local share market is in the red, while shares in stock exchange operator ASX Ltd have tumbled on a trading update. Follow the day's events and insights from our business…

The oil price has fallen 7 per cent on hopes the conflict in Iran will end in a peace deal. Follow the day's events and insights from our business reporters on the ABC News live…

Ten of the 11 sectors closer higher after CPI slows in April; ASX Ltd tumbles to 10-year low; Global stocks rally on chip stocks; AustralianSuper names next CIO. Follow live.

Ignoring new records on Wall Street overnight, the Australian sharemarket wobbled in early trade, led lower by banks and property trusts.

The Australian share market is likely to start its day relatively flat after Iran accused the United States of violating their fragile ceasefire and warned of retaliation. The key…