Oil price rises after US strikes on Iranian boats, ASX falls | ABC NEWS

By ABC News (Australia)

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The price of oil rose and the local sharemarket fell after confusing developments in the Persian Gulf. And, shares in Santos fell despite an Investor Day aiming to instill optimism on LNG growth. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-26/asx-markets-business-live-news-oil-price/106721278 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

Tags: Australia, abc, abc news, news, top movers, market snapshot, abc finance report, alan kohler, alan kohler finance, abc finance, finance news, LNG, gas reservation, Santos, gas supply, oil price, Iran news, Iran latest, Trump news, Trump latest

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