Oil prices sink to a three-month low on reports the US will allow Iran to start selling oil again, while the Australian share market is likely to open lower after big falls across Wall Street's tech stocks. Follow live.

Oil prices sink to a three-month low on reports the US will allow Iran to start selling oil again, while the Australian share market is likely to open lower after big falls across…

Australian shares are set to open lower as Wall Street staged a comeback that drove the S&P 500 up. Oil dropped as the Strait of Hormuz resumed shipping. Follow live updates.