AAP

Wall Street soars to its best day since last spring

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

US stocks surged to their best day since last spring, and the Dow Jones Industrial Average soared 1,125 points on Tuesday as doubt swung back to hope on Wall Street about a possible end to the war with Iran.

Shares climb on glimpse of Iran war exit ramp

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The Australian share market has closed higher following reports US President Donald Trump is willing to wind up its military campaign against Iran without first reopening the Strait of Hormuz.

Motorists to wait weeks for fuel pain relief to kick in

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Australians will need to wait for weeks before fuel-price relief flows through to the bowser under a cut to the fuel excise.

Surcharge fees scrapped in $1.6b consumer victory

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Surcharge fees on debit and credit card transactions will be ditched, despite strong opposition from businesses.

US stocks swing through another shaky day

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

US stocks swung Monday as oil prices kept climbing because of uncertainty about when the war with Iran could end.

Shares sink as oil hits $US116 a barrel

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The Australian share market has fallen again after oil rose to near a four-year high, amid fears another strategic Middle East waterway could become an energy choke point.

Leaders eye cut to fuel excise

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

State and territory leaders are meeting on Monday to thrash out ideas to curb the ongoing fuel crisis as the Middle East conflict rages on.

Stocks tumble as Middle East tensions drag

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

US stocks tumbled on Friday, with each ‌of the three major US indexes closing at their lowest levels in over seven months and the Dow confirming it was in correction territory as the month-long Middle East war continued to suppress ‌risk appetite.

Shares snap losing streak but crude risks weigh

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Australia's share market has snapped a three week losing streak, but uncertainty hangs over investor sentiment as an oil supply route remains effectively blocked.

Coalition calls for cut to fuel tax as price woes mount

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Drivers would see petrol costs reduced by 26c a litre under a coalition proposal to halve the fuel excise as the Middle East conflict drags on.

Australia defends war efforts after Trump attack

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Australia's government insists it still has not received any direct requests from the United States for military aid in its war with Iran, after a public attack from President Donald Trump.

Wall Street falls to its worst drop since the Iran war

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Stocks fell sharply Thursday, and oil prices rose as doubt took over again from hope on Wall Street about a possible end to the war with Iran.

Shares slip as markets mull Iran situation

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Australia's share market has handed back its early gains with interest as investors weigh clashing statements from the US and Iran on a potential path to de-escalation.

New fuel laws bring $100m penalty

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Fuel stations and suppliers which unfairly raise prices will be hit with fines of up to $100 million under new laws which passed parliament today.

RBA ready to shift up a gear as the neutral rate rises

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

Wall Street higher on Middle East de-escalation hopes

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Wall Street's main indexes have closed higher as oil prices fell while Iran reviewed a US proposal to end the war in the Middle ‌East, feeding investor hopes for de-escalation in the fourth week.

Australian shares soar on Middle East ceasefire hopes

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The local share market has had its best day in almost a year, after reports the US is seeking a ceasefire with Iran buoyed investor sentiment.

Perth inflation highest in nation

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Australia's headline inflation rate fell in the final data before the Iran war up-ended the global economy, but Perth's inflation figure was significantly up compared to other capital cities.

Multibillion-dollar bailout for aluminium maker

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

A key aluminium smelter will receive billions of dollars in government funding to stay open until 2040, the latest metals manufacturer to be bailed out.

Wall St indexes fall on worries about Middle East

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Wall Street indexes lost ground in Tuesday's volatile session as investors swayed between fears ‌of rising oil prices and hopes for a resolution to the US-Israeli war on Iran.

ASX trims gains, US allies weigh entering conflict

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

An early bounce for Australian shares has faded, as hopes of Middle East de-escalation crumbled on reports US Gulf allies were taking steps to enter the conflict.

Diesel standards lowered, six WA stations run dry

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Diesel standards have been lowered to help suppliers bring more fuel into the domestic market as hundreds of service stations across the country run dry, including six in WA.

Myer clicks into gear with e-commerce expansion

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

A major Australian department store operator is planning a big expansion of its e-commerce product categories when it launches a new marketplace platform in the coming months.

Long-awaited Australia-EU trade deal finally signed

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

European-made wine, cars and fashion items will get cheaper for Australian shoppers under a long-awaited free-trade deal that will also allow local farmers to expand their meat exports.

US stocks rally, oil sinks

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war.

ASX tumbles to lowest level since May

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Australia's share market has trimmed some losses but still ended at its lowest level since May 2025, as the Middle East conflict continues to wreak havoc on energy prices.

Snap probe into grocery supply amid fuel pain

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

A snap assessment of Australia's grocery supply chains will investigate how the Middle East war is impacting the way food is grown and transported around the nation.

PM hits the phones to shore up fuel supply

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The prime minister has been phoning his global counterparts to try and shore up Australia's fuel stocks over the coming weeks and months, as the Middle East war sends shockwaves through global supply chains.

Wall St down on Middle East turmoil

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Wall Street ended sharply lower on Friday, with the S&P 500 closing at its lowest in six months, as the US-Israeli war ‌against Iran entered its fourth week, deepening worries about inflation and the potential for higher interest rates.

Shares hit nine-month low as war wipes $270b

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Australia's stock market is trading at its weakest level in nine months after the Iran war and the resulting energy shock prompted multiple central banks to brace for higher interest rates.

Shares hit four-month low as miners tumble

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Australia's share market is on track for a third week of heavy losses as oil prices and inflation concerns spiral due to the escalating conflict in the Middle East.

Shares plunge, oil prices spike as war escalates

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The Australian share market has sharply fallen to a nearly four-month low after oil prices spiked, gold prices plunged, rate cut hopes dimmed and the war with Iran intensified.