The Australian dollar is rising after Donald Trump confirmed a deal has been reached with Iran, saying the Strait of Hormuz will open. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

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”…