Escalating strikes in the war with Iran and a spike in oil prices are expected to further rattle Australia’s sharemarket.

Shares take a hit, falling more than 1 per cent on opening, as violence in the Strait of Hormuz and worries about overinflated AI stocks weigh on sentiment.

The ASX made up for early losses to close the day slightly lower, as a rising oil price pushed energy shares higher.

The Australian share market is likely to fall in morning trade after a sell-off across technology and artificial intelligence (AI) stocks knocked Wall Street's tech index sharply…

Escalating strikes in the war with Iran and a spike in oil prices are expected to further rattle Australia’s sharemarket.

The sharemarket has lost ground in early trade, as rising oil prices and a flare-up in Middle East tensions reignited inflation concerns.

Escalating strikes in the war with Iran and a spike in oil prices is expected to further rattle Australia’s sharemarket.

Shares slipped in Asia and oil prices jumped Thursday as conflict escalated in the Middle East, with Iran and the US launching fresh attacks.