Oil Spike Triggers Market Rout as Albanese Hits Record Low

ASX futures plunge 1% as oil spikes above US$94 a barrel on fresh US strikes on Iran, while a new poll shows Prime Minister Anthony Albanese's approval hitting rock bottom amid a messy immigration debate. Australia also fires back at China over Taiwan and pledges $600 million to fight cocaine smuggling in the Pacific.

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ASX Futures Point to Sharp Drop as Oil Spike Fuels Global Bond Rout

• What happened: Australian sharemarket futures...