ASX to fall; SGH reveals $500m buyback, Credit Corp axes Humm bid (opens original article in a new tab)

The ASX is expected to fall as oil markets react to Iran's closure of the Strait of Hormuz, with Brent crude prices rising and uncertainty over a US-Iran peace deal.

• Iran closed the Strait of Hormuz, causing oil prices to rise
• ASX futures predict a 0.2% drop due to uncertainty
• Brent crude prices increased 1% to over $80 per barrel