Middle East crisis live: Trump claims Iran war will be over ‘very soon’ but Tehran says it will determine when
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<p>US president says war is ‘very complete’ and threatens worse strikes if passage of oil via strait of Hormuz is blocked; IRGC says it will not let out ‘one litre of oil’</p><ul><li><p><a href="https://www.theguardian.com/business/2026/mar/10/oil-prices-drop-trump-iran-war">Oil prices drop sharply after Trump moves to reassure markets</a></p></li><li><p><a href="https://www.theguardian.com/world/2026/mar/09/us-israel-strikes-i
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3m ago 02.27 EDT Jonathan Barrett Investor hopes for a swift resolution to the Middle East conflict propelled Australian shares higher today , with the benchmark S&P/ASX 200 finishing the day up 1.1% and recovering about $35bn in value after yesterday’s $90bn plunge . Oil prices surged to a four-year high early in the week before coming back down below $US90 a barrel after Donald Trump suggested the Iran conflict would end soon, sending global stock markets higher. Equity markets have been pulled up and down by the Middle East given energy disruptions and increased oil costs contribute to global inflation by elevating costs across nearly all goods and services. The ASX was expected to rise more than 2% today, according to overnight futures pricing, but the rebound proved weaker than forecast amid lingering investor concerns.
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