ASX hits new record high on hope of further US-Iran de-escalation | ABC NEWS
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The Australian share market has climbed to its highest level ever. Oil prices slipped after Iran claimed to be in the final stages of a deal with Oman to reopen the Strait of Hormuz. US President Donald Trump threatened to hit Iran "very hard" if negotiations fall through. Presented by David Chau. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-08-06/asx-markets-business-news-live-updates-thursday-6-august/107002346 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
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