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diplomacyMay 25, 2026
ASX edges higher, oil dives on hopes of Iran deal
Summary
ASX edges higher, oil dives on hopes of Iran deal The Australian sharemarket has advanced at the open while oil prices have slumped on rising hopes of an end to the Middle East conflict, although US President Donald Trump said he had told his representatives not to rush into any deal with Iran.
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- Staff writersBy Stan Choe
ASX on edge, Trump says no rush for Iran deal The Australian sharemarket is set for an uncertain start to the session as US President Donald Trump said he had told his representatives not to rush into any deal with Iran, appearing to dampen hopes of an imminent breakthrough in th…
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