Brent crude has dropped almost 3 per cent overnight, while the ASX is set to trade up today. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.

The Australian sharemarket has made a steady start to the session while oil prices advanced on pessimism over the prospects of the US and Iran reaching a peace deal and as…

Oil prices jump to a one-week high as the US and Iran provide conflicting updates on their peace talks. The Australian share market is likely to start higher after a surge in AI…