The ASX is set for a strong start after Wall Street rallied and oil prices tumbled. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Australian shares are set to rally as oil plunged and the S&P 500 leapt after President Donald Trump signalled a peace deal was near at hand. Follow live.

Wall Street powered a rally in stocks as oil sank after President Donald Trump signalled the US is close to a deal with Iran, fuelling hopes for an end to the war that has roiled…