AAP

Australia's share market has defied a hawkish interest rate outlook to clock a second session of gains, as reports of a record release of crude reserves took the pressure off oil prices.

Wealthy superannuants will pay more tax on balances over $3 million after the Greens rolled over on demands to beef up the contentious new laws.

Firebrand senator Matt Canavan has taken over the leadership of the Nationals after edging out the deputy leader for the party's top job.

The US stock market held steadier Tuesday as Wall Street waited for the next signal on when the war with Iran may end.

Australia's share market has pared some early gains, after US government indications the Iran war might end soon couldn't sustain buying in the afternoon.

Foreign minister confirms more than 2600 Australians have arrived back from the UAE on 18 direct flights since the US-Israeli strikes were launched on Iran.

The U.S. stock market careened through a manic Monday, going from a steep early loss to a solid gain as worries turned into hope that the war with Iran may not last that long. Oil prices whipped from nearly $120 per barrel, their highest since 2022, back below $90.

The local share market has suffered its worst single-day loss in 11 months amid the widening war in the Middle East and a spike in oil prices.

Conflict in the Middle East may drive up grocery prices as farmers struggle to secure affordable fuel, as diesel suppliers are prioritising long-term contracts.

Oil prices have eclipsed $US100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East.

The Trump administration's efforts to topple the Iranian regime have liberated local investors from their money, wiping more than $120 billion from Australia's bourse in a week.

Keeping tax cuts for electric cars and reintroducing state-based rebates could help more Australians avoid rising petrol prices and should be treated as a national security issue.

US stocks closed down on Thursday as the Middle East conflict entered its sixth day, pushing oil prices higher and spurring worries about ‌inflation and whether the Federal Reserve will cut interest rates.

Australian shares have rebounded to snap two-session losing streak, as dip-buying investors sought bargains after more than $60 billion was wiped from the bourse during the previous day's trading.

Treasurer Jim Chalmers is warning service stations not to rip drivers off at the petrol pump by taking advantage of the widening conflict in the Middle East.

The US stock market rebounded Wednesday from two days of punishing swings after oil prices stopped spiking and reports gave encouraging updates on the economy.

Australia's share market has logged its second-worst session of 2026, on concerns a sustained oil price shock will intensify inflation and spark steeper interest rates.

A sell-off for stocks wrapped around the world and hit Wall Street Tuesday, while oil prices climbed even higher on worries about the widening war with Iran. But the big moves that rocked markets in the morning eased substantially as the day progressed.

Australian shares have tumbled as the deepening Middle East conflict heightens fears around spiralling energy costs and increasingly likely interest rate hikes.

It's unclear if financial conditions can bring inflation under control or whether conflict in Iran will make it worse, the Reserve Bank governor says.

A defence base in the UAE that's home to Australian defence force members has been hit by Iranian drone strikes, as thousands of travellers remain stuck.

Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain.

Australia's share market has reset its record close for a second time in as many days despite a modest uptick to end the week.

Australia will eventually follow Denmark's lead and abandon its letter service, with deliveries of handwritten notes, Christmas cards and household bills destined to become a thing of the past.

Virgin Australia has released its initial set of first-half results after listing on the stock exchange last year.

Political candidates are jostling ahead of a crucial by-election test after Sussan Ley was deposed as opposition leader.

The worst day for Nvidia's stock since last spring dragged the U.S. market lower on Thursday, even though most stocks on Wall Street rose.

Australia's share market has broken multiple records as it nears the end of a solid earnings season that delivered outsized returns for bigger miners, banks and consumer staples stocks.

US stocks rose Wednesday and erased their losses for the week so far, as Nvidia and other technology companies led the way.

Australia's share market has broken multiple records as earnings season delivers more outsized company-level moves for bigger players, while mining stocks remain hot assets.

US stocks rose Tuesday after getting a reminder that the artificial-intelligence boom may also have an upside.

Prime Minister Anthony Albanese has been evacuated from his official Canberra residence following an alleged security incident.