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Oil prices have eased and hopes are climbing that the United States and Iran may try again on talks to end their war.

ASX edges higher as Virgin soars weathering the fuel shock, oil stocks fall

The Australian sharemarket notched up another small gain on Wednesday amid optimism the US and Iran will meet for a second round of talks to end their war.

  • Staff writers

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Wall Street’s moves were much more modest overall than the extreme swings that have hit financial markets since the war began in late February.

ASX bounces back on renewed Iran talk hopes; BHP jumps on China concessions

The Australian sharemarket advanced as Donald Trump raised hopes for an Iran deal, and BHP gained on reports of progress in its months-long iron ore tussle with China.

  • Staff writers
Iran says it has closed the Strait of Hormuz to shipping.

ASX edges higher as fragile ceasefire tests investor optimism

The sharemarket closed in the green, helped by a jump in energy stocks as the ceasefire between the US and Iran hangs in the balance.

  • Adrian Black
Why has the WTI price traded at a premium to Brent over the past week, a premium that was more than $US3 a barrel ahead of the announcement of the ceasefire?

Why Trump may have changed the world’s oil markets forever

Timely access to flows of oil is being prioritised over price and the US is benefiting.

  • Stephen Bartholomeusz
In March, a cargo ship sits anchored at port in Oman, as the Strait of Hormuz remained effectively shuttered.

Researchers behind viral AI prediction visited Hormuz on a speedboat. This is what they saw

A Citrini Research analyst went to Strait of Hormuz to see what exactly is happening to the globe’s most vital energy artery. Their findings were startling.

  • Colin Kruger
Markets are down amid concerns over the Iran war - but it could be a lot more drastic.

Markets are down on Iran war, but the slump could be a lot worse

Investors’ relatively calm response to the attack on Iran will be short-lived if the hostilities drag on.

  • Stephen Bartholomeusz
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A man has died onboard an Emirates flight overnight.

How the Iran war will impact inflation, your overseas holiday – even your morning toast

Just like his tariffs, Donald Trump’s mixed messages on the conflict with Iran will mean upheaval for Australia’s economy.

  • Shane Wright
Wall Street remains very nervy.

ASX ends the week sharply lower as miners slump

The Australian sharemarket fell on Friday as mining giants and energy stocks dragged on the local bourse.

  • Staff reporters
Gold rush: Queues outside ABC Bullion, Martin Place, Sydney.

‘They want a piece of that pie’: Gold FOMO untarnished by price meltdown

Despite a dramatic plunge in the gold price and comparisons to the dotcom boom, people are lining up for hours to buy gold nuggets.

  • Jessica Yun and Clancy Yeates
Empress Eugenie’s crown, which was stolen from the Louvre’s Apollo Gallery.

Louvre heist is a result of the world’s rush to gold

The museum raid shows criminals’ boundless hunger for precious metals as the value of these commodities soars. Thieves are becoming ever more audacious as the gold price has doubled in a year.

  • Lionel Laurent