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  • AI optimism offsets Hormuz worries for US markets as oil price rises | Finance Report | ABC NEWS
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AI optimism offsets Hormuz worries for US markets as oil price rises | Finance Report | ABC NEWS

InvestPal June 2, 2026
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The local share market fell despite a small gain for US markets fuelled by AI optimism, while the oil price rose again as talks between the US and Iran stalled.
Meanwhile, both petrol and diesel prices have come down, but the price of diesel has not recovered quite as much, which is a big problem for the rate of inflation.
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Tags: abc abc news AI shares AI stocks Alan Kohler ASX AUD Australia Australian economy Australian share market australian shares australian stocks CPI australia diesel prices finance report abc global markets global share markets global shares inflation Australia investment markets iran news market snapshot nasdaq news oil price petrol prices S&P strait of hormuz tech shares top movers

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