ASX drops after oil prices fall back to pre-Iran war levels | Finance Report | ABC NEWS

The Australian share market ended its day moderately lower after oil prices fell back to pre-Iran war levels. Australia's unemployment rate dropped to 4.4 per cent, but there are signs the jobs market is slowing down. The odds of the Reserve Bank (RBA) lifting interest rates by Christmas dropped to less than 50 per cent, after the release of the ABS job numbers. Presented by David Chau. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-06-25/asx-markets-business-news-live-updates-jun25/103779008 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia