Wall Street rallied on Friday before Gulf hostilities flared again. ASX futures point to a gain this morning. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Markets face more uncertainty after a wave of strikes on Iran over the weekend and Tehran closed the Strait of Hormuz to shipping.

Wall Street rallied on Friday before Gulf hostilities flared again. ASX futures point to a gain this morning. Follow the day's events and insights from our business reporters on…