The Australian sharemarket is lower in early trade as fresh US strikes on Iran cast doubt on the chances of a deal to reopen the Strait of Hormuz.

The Australian sharemarket opened sharply lower on Tuesday as local investors caught up with Wall Street’s sell-off on Friday and a flare-up of fighting between Israel and Iran.

The Australian sharemarket is higher despite a new escalation in the Middle East after US forces struck Iran and a sell-down on Wall Street.

(Bloomberg) -- Asian stocks dropped as technology shares remained under pressure and tensions in the Middle East escalated after US forces struck Iran. Crude oil advanced.

The United States launched strikes against Iran after President Donald Trump said Tehran had shot down a US Apache helicopter in the Strait of Hormuz, leaving investors on edge.

Wall Street has closed sharply lower with AI stocks again weighing on the market while escalating tensions in the Middle East are casting doubt on when United States and Iran can…

Wall Street is sharply lower in late trade with AI stocks again weighing on the market while escalating tensions in the Middle East are casting doubt on when United States and…

The Australian sharemarket is lower in early trade as fresh US strikes on Iran cast doubt on the chances of a deal to reopen the Strait of Hormuz.

Strikes on several Iranian targets led to a surge in oil prices and falling Australian stocks, as traders fear an escalation in the Middle East crisis.