ASX to drop following Wall Street losses amid US-Iran uncertainty

Australian investors are bracing for a subdued start to the trading day, with futures indicating a weaker opening for the ASX 200. Wall Street's earlier tech-driven rally faltered overnight, casting a shadow over global markets. The primary driver of this caution appears to be lingering uncertainty surrounding the US-Iran relationship and the prospects for a peace agreement. This geopolitical tension is directly impacting energy markets, with oil prices showing volatility as traders weigh the potential return of normal energy flows through the Strait of Hormuz. While the local market has seen some gains recently, the international headwinds suggest a cautious approach is warranted. This live blog aims to provide real-time updates on market movements and financial news, offering insights from specialist business reporters. It is important to note that this blog is not intended as investment advice, and readers should consult with financial professionals for personalized guidance.