The Australian share market is likely to rise in morning trade after some weaker-than-expected US inflation figures boosted Wall Street and reduced the likelihood of the Federal Reserve lifting interest rates. Follow live.

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…

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.