Iran war, US politics live updates: Aussie shares tumble to worst day in three months
Global markets, including the Australian ASX, have experienced a significant sell-off due to escalating conflict in the Middle East and rising oil prices. The report also covers ongoing geopolitical tensions involving the US, Iran, and Russia.
Why it matters
The volatility in financial markets underscores the direct economic impact of geopolitical instability and energy supply concerns.
- 6.54am . First published September 1, 2026 - 7.55pm
Key Updates pin 01.38am ASX tumbles in worst day in three months pin 02.19am Trump dances at ‘Lake America’ in new AI video pin 01.31am Trump says he’s not looking for ‘worthless’ deal with Iran pin 01.00am Explosive report claims Russia helping Iran develop hypersonic missiles pin 11.30pm Multiple Middle Eastern countries under attack pin 10.57pm US ends latest round of strikes on Iran pin 10.26pm ‘Stop doing memes’, Carney tells White House pin 09.54pm Iran claims to have shot down ‘advanced’ US drone downChevron Show more Latest posts pin PINNED POST downArrow Go to latest 01.38am ASX tumbles in worst day in three months Richard Wood shares Share post Renewed fighting in the Middle East and a surge in oil prices helped trigger a sell-off in Australian shares.
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