Economists warn continued airstrikes could push oil prices beyond US$100 a barrel, increasing chance of further RBA rate hike

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

ASX futures climb before Trump threatens Iran with more strikes; Iran closes Hormuz; Brent closes at $US76 a barrel on Friday; $A at US69.84c. Follow live.