US and Iran trade fresh strikes, leading to big falls on the ASX | Finance Report | ABC NEWS
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The Australian share market fell sharply, while oil prices jumped on reports of the US and Iran launching strikes on each other's military sites in the Gulf region. This latest flare-up in tensions is raising fresh doubts about how soon a peace deal will be reached, as finance presenter David Chau explains. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-28/asx-markets-business-news-live-updates-thursday-28-may/106730526 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
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