Commodities
Oil Prices Send ASX into Decline Amid Inflation Concerns
The Australian stock market is poised to open slightly lower on Tuesday as rising oil prices and renewed inflation concerns take center stage.
Brent crude reached a six-week high of $97.31 per barrel, amid heightened tensions in the Middle East following Iran's threat of attacks on energy infrastructure.
This has sparked fears that higher energy costs could exacerbate global inflation, weighing heavily on the market.