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Iran-Oman Deal Breakthrough, ASX Set to Edge Up, and Immigration Policy on Hold | Lavamgam

World News

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Iran-Oman Deal Breakthrough, ASX Set to Edge Up, and Immigration Policy on Hold

Iran claims a deal with Oman to reopen the Strait of Hormuz has been agreed in principle—potentially the biggest breakthrough in the five-month US-Iran war that's stranded 6,000 sailors and sent oil prices surging. Closer to home, the ASX is set to inch higher despite Wall Street's overnight wobble, while Tony Burke's delayed immigration speech has Labor MPs and business groups on edge.