Australia news LIVE: Oil prices hit $100 for first time in months; Trump hikes tariffs on Australian products to 12.5 per cent

Live: ASX set to fall as oil tops $US100

Oil surged past $100/barrel on Houthi attacks; Nasdaq fell 2.15% as investors doubt Big Tech's AI capex returns. Climbing inflation and yields may force CIOs to defer AI projects and reassess investment ROI expectations.