The Age
·general
·16 hours ago
ASX set to open higher despite failed Iran talks; Aussie dollar falls
The Australian sharemarket is set to open higher on Monday following the collapse of US-Iran peace talks, with ASX futures up 70 points. Donald Trump announced a naval blockade of the Strait of Hormuz, raising concerns over oil supply and increasing tensions with China. The Australian dollar fell 1.2 percent to US69.77¢ as uncertainty looms.
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