Share market rises, oil price hits new record high | Finance Report | ABC NEWS

The Australian share market gained 1.7 per cent on Tuesday as traders looked through the ongoing uncertainty in the Middle East.
Crude oil prices traded above $US110 a barrel, as Donald Trump's deadline for Iran to reopen the Strait of Hormuz loomed.

Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-04-07/asx-markets-business-news-live-updates-oil-trading-us109-barrel/106536718

ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC NEWS, click here: https://ab.co/2kxYCZY
Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2
Like ABC NEWS on Facebook: http://facebook.com/abcnews.au
Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au

Note: In most cases, our captions are auto-generated.

#ABCNEWS #ABCNEWSAustralia