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Live: ASX to slip, oil plunges to 3-month low on reports US to scale back Iran sanctions

ABC Australia · Jun 16, 2026, 10:11 PM · Also reported by 2 other sources

Key takeaways

  • See how the trading day unfolds on our blog.
  • Disclaimer: this blog is not intended as investment advice.
  • Live updates Pinned Wed 17 Jun 2026 at 8:04am Wed 17 Jun 2026 at 8:04am

Why this matters: an international story with cross-border implications worth tracking.

Link copied Share Share article Oil prices have sunk to a three-month low on reports the US will allow Iran to start selling oil again in a major roll-back of economic sanctions.

The Australian share market is likely to fall in morning trade, following significant losses across Wall Street's tech stocks which knocked the S&P 500 and Nasdaq lower.

See how the trading day unfolds on our blog.

Article preview — originally published by ABC Australia. Full story at the source.
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