The local market’s wobbles come after Wall Street slipped further from its records overnight, with oil prices swinging on uncertainty about when the war with Iran will allow crude to flow freely again.

The US stock market is drifting near its all-time high, while oil prices rise on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going…

The Australian sharemarket edged higher as energy stocks rallied due the latest jump in oil prices, as investors awaited the Reserve Bank’s decision on interest rates.