US-Iran Tensions Send Brent Crude Above $90, Dragging Down Markets

Tensions between the US and Iran have pushed Brent crude oil futures above US$90 a barrel, weighing on global markets.

The S&P 500 fell 0.4% in late trading, while the tech-heavy Nasdaq Composite was down 0.3%. The Dow Jones Industrial Average also declined, with Nike, Microsoft, and Sherwin-Williams leading the way.

Google-parent Alphabet is seeking to raise A$5 billion through an Australian dollar-denominated bond, with ANZ among the mandated banks. Meanwhile, Shein Global Holdings is targeting a valuation of between US$26b and US$27b in its upcoming IPO.