Despite ASX futures pointing to a rise this morning, global markets are on edge after the US and Iran exchanged missile fire over the weekend and at least one commercial vessel was hit in the Strait of Hormuz.
Iran has declared it has closed the strait to shipping, which is likely to lead to oil prices rising again.
Follow the day’s financial news and insights from our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
Mon 13 Jul 2026 at 6:50am
Market snapshot
- ASX 200 futures: +0.5% to 8,814 points
- ASX 200 (Friday): +0.5% to 8,806 points
- Australian dollar: flat at 69.46 US cents
- Wall Street (Friday): S&P 500 +0.4%, Dow +0.3% Nasdaq +0.3%
- Europe (Friday): Dax -0.2%, FTSE +0.2%, Eurostoxx -0.2%
- Spot gold: flat at $US4,120/ounce
- Oil: Brent futures -04% to $US71.01/barrel, WTI futures -0.9% to $U71.41/barrel
- Iron ore (Singapore, Friday): -0.1% to $US98.70/tonne
- Copper (LME, Friday): +2.4% to $US13,481/tonne
- Bitcoin: -0.3% at $US64,153
Prices current at around 7:00am AEST
Mon 13 Jul 2026 at 7:01am
Market snapshot
- ASX 200 futures: +0.5% to 8,814 points
- ASX 200 (Friday): +0.5% to 8,806 points
- Australian dollar: flat at 69.46 US cents
- Wall Street (Friday): S&P 500 +0.4%, Dow +0.3% Nasdaq +0.3%
- Europe (Friday): Dax -0.2%, FTSE +0.2%, Eurostoxx -0.2%
- Spot gold: flat at $US4,120/ounce
- Oil: Brent futures -04% to $US71.01/barrel, WTI futures -0.9% to $U71.41/barrel
- Iron ore (Singapore, Friday): -0.1% to $US98.70/tonne
- Copper (LME, Friday): +2.4% to $US13,481/tonne
- Bitcoin: -0.3% at $US64,153
Prices as of about 7:00am AEST
Mon 13 Jul 2026 at 6:46am
Good morning
Good morning and welcome to another day on the ABC markets and finance blog.
Stephen Letts from ABC business team limbering up for blow-by-blow coverage of the day’s events with every post, hopefully, a winner, but none to be construed as financial advice.
You know the drum; we’ve been here before.
Wall Street closed the week on a positive note on Friday only for the missiles to start raining down again across the gulf over the weekend, followed in short order by Iran declaring the Strait of Hormuz closed again.
Before the re-escalation of US-Iran hostilities, the ASX was holding up well and poised to add to Friday’s gain.
When trading closed early on Saturday morning (AEST), ASX 200 futures were pointing to a 0.4% gain, but there’s no guarantee that will be delivered this morning.
As always, the game’s afoot, so let’s get blogging.
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