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Oil advanced after slumping by more than 7% on Monday, as reports of fresh military strikes in Iran clouded the outlook for an interim deal between Tehran and Washington to reopen the Strait of Hormuz.

Pro-independence party, now in its 20th year in power, is struggling to boost public services amid fiscal challenges

US forces conducted 'self-defense strikes' in southern Iran, Fox News says Reuters

Gold held gains on signs the US and Iran were making progress on reaching a deal to reopen the Strait of Hormuz and restore oil flows, easing inflation fears.

Iran's top envoys discussing potential peace deal with Qatar prime minister, official says Reuters

Treasuries rallied across the curve as cash trading resumed after a holiday, with investors growing more optimistic about a potential US-Iran deal.

US and Israeli jets struck a number of Iranian vessels in the Strait of Hormuz, local media reported, hours after President Donald Trump had suggested negotiations with Tehran over an interim deal were progressing. Bloomberg's Stephen Stapczynski breaks down what we know about the state of the talks

Shruti Pandalai, the India Chair of the Lowy Institute, talks to Bloomberg TV about the upcoming Quad meeting in India, where the security situation in the Strait of Hormuz is expected to be high on the agenda. (Source: Bloomberg)

ASX Ltd. is increasing its capital spending to upgrade critical market infrastructure, as Australia’s embattled exchange operator seeks to regain the confidence of regulators and stakeholders after years of technical issues.

Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.