Markets live: ASX slips, oil plunges to three-month low on reports US to scale back Iran sanctions
Oil prices have dropped to a three-month low following reports that the US may ease sanctions on Iranian oil exports. Meanwhile, the Australian share market saw modest gains despite a broader downturn in US tech and AI stocks.
Why it matters
Fluctuations in oil prices and tech sector volatility have significant implications for global inflation and investor sentiment.
Link copied Share Share article Oil prices have sunk to a three-month low on reports the US will allow Iran to start selling oil again in a major roll-back of economic sanctions.
The article reports on market movements and geopolitical news without emotive language or political advocacy.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in