Australia’s sharemarket is poised to surge on the opening bell and the price of oil has fallen to a two-month low after US President Donald Trump declared a “great settlement” between Washington and Tehran.

Australian shares are set to open lower; Tech, energy pace S&P 500 losses; tech ‘sugar rush’ rally is over: Wells Fargo; China, US price data pending. Follow live.

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 market is set to fall after Wall Street closed down. Meanwhile, President Donald Trump says the US military is "going to be attacking" Iran if no peace deal is…

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.

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…

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…

US stocks are climbing, and oil prices are falling after President Donald Trump called off his threat to bomb Iran.

The Australian sharemarket surged after President Donald Trump signalled the US was close to a deal with Iran, fuelling hopes for an end to the war that has roiled global markets.

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…

Australia’s sharemarket is poised to surge on the opening bell and the price of oil has fallen to a two-month low after US President Donald Trump declared a “great settlement”…