Wall Street falls,Trump sends oil price warning, ASX set to lose ground
The Australian sharemarket fell to a six-week low as global oil prices surged above $100 a barrel due to escalating tensions between the US and Iran. Investors are also reacting to rising bond yields and uncertainty ahead of upcoming US inflation data.
Why it matters
Market volatility driven by geopolitical conflict and inflation concerns impacts global investment strategies and interest rate expectations.
— 5:44pm , first published September 10, 2026 — 5:27am
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Share A A A The Australian sharemarket slumped to a fresh six-week low on Thursday as crude oil traded above $US100 a barrel amid further escalation in the US war with Iran, adding to concern that inflation will accelerate and prompt higher interest rates.
Falling for its third-straight session, the S&P/ASX 200 lost 92 points, or 1 per cent, to close at 8819.40, its lowest level since late July. All 11 sectors finished in the red, with miners, banks and tech stocks leading the declines. The Australian dollar was trading at US72.16¢.
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