Iran-US Tension Spikes, Markets Jittery

0:00It's April 19th. You're listening to Sydney News today, AI-powered local news. Iran's back to closing the Strait of Hormuz after rebuffing peace talks, and the US just seized an Iranian cargo ship trying to bust through. This combo has global markets jittery, especially with oil prices tanking hard over the weekend. Wall Street rally Friday with the S&P 500 of 1.2%, the Dow jumping 1.8% and Nasdaq gaining one. You're at followed suit, DAX of 2.3%, but now this fresh Iran US flare-up is casting a shadow. Traders are on edge, worried it'll kill the vibe for today's expected ASX rebound. Aussie futures point to a point 9% live to 9,056 points after Friday's flat closed at 8,900. 47. Coils the big mover, Brent crewed down 9.1% to $90.38 a barrel, West Texas Intermediate

1:00dropping 11.3% to $83.85. Gold held firm of 0.9% at 4,800, $28 an ounce, while the Aussie dollar slipped 0.7%. To 71, US cents. We'll keep eyes on how this tension plays out, but for now, strap in for a choppy session down under as geopolitics shakes the board.