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ASX 200 Slumps 1.06% as Trump's Hawkish Iran Remarks Trigger Oil Spike and Risk-Off Selloff

ASX 200 Slumps 1.06% as Trump's Hawkish Iran Remarks Trigger Oil Spike and Risk-Off Selloff

SYDNEY — Australian shares retreated Thursday, with the benchmark S&P/ASX 200 closing down 92.3 points, or 1.06%, at 8,579.5 after erasing early gains in a volatile session driven by renewed geopolitical tensions in the Middle East.

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