The Australian sharemarket slumped in early trade as oil held its biggest gain in about a month, as uncertainty about the state of US-Iran peace talks lingers.

The Australian sharemarket has ended the day roughly where it began amid more uncertainty over a peace deal in the Middle East.

The Australian sharemarket has made an unsteady start to the week amid more uncertainty over a peace deal in the Middle East.

Shares set to slip at the open; Australian dollar near US72¢, Brent drops to $US91; GDP, RBA governor testimony in Canberra among this week’s highlights.

Australian shares closed nearly flat as bank losses offset resource gains, with U.S.-Iran tensions and sticky inflation weighing on sentiment. Investors remained cautious due to…

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Oil prices are rising following the latest fighting to threaten the US-Iran ceasefire, but Wall Street isn’t very worried, and US stocks are hanging near their records.

The Australian sharemarket closed flat for the second day in a row as investors shrugged off uncertainty about the state of US-Iran peace talks.

Oil prices are rising following the latest fighting to threaten the US-Iran ceasefire, but Wall Street isn’t very worried, and US stocks are hanging near their records.

The Australian sharemarket slumped in early trade as oil held its biggest gain in about a month, as uncertainty about the state of US-Iran peace talks lingers.