May 25, 2026, 5:11 PM EDT. ASX 200 futures gained 0.4% ahead of Tuesday's open, tracking overnight gains in major U.S. indexes: Dow +0.6%, S&P 500 +0.4%, Nasdaq +0.2%. Investor sentiment improved amid hopeful signs of a U.S.-Iran deal, pushing crude prices down sharply with Brent and WTI falling over 6%, reflecting anticipated easing of geopolitical tensions. Gold prices rose 2%, a typical safe-haven asset response during mixed market emotions. Singular Bank strategist Roberto Scholtes Ruiz noted much of this optimism is already priced in. Australian Oil Company discussed development plans amid this backdrop. Commodity shifts included a 2.95% rise in lithium and a subdued iron ore market. The AUD/USD rose 0.45%, while Bitcoin edged up 0.33%. The market awaits further clarity on negotiated terms and timing.
