ASX set to rise, oil drops as Middle East tensions ease
Australia's sharemarket is set to rise after the US paused strikes against Iran and Tehran signaled restraint, easing Middle East tensions. ASX futures pointed to a 0.6 percent gain at open while the Australian dollar traded at 69.92 US cents. Brent crude fell 3.9 percent to $96.78 as oil prices retreated amid reduced conflict concerns.
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Published 26 Jul 2026, 19:25 UTC · Updated 26 Jul 2026, 19:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections