Asia

Live: Oil prices surge on latest US-Iranflare-up, ASX slips as housing slump continues

The latest flare-up in hostilities between the US and Iran have led to a 3 per cent surge in the oil price. The Australian share market slips while house prices are falling in most of the nation's capital cities. Follow the day's events on the ABC News live markets blog.

This story summarizes reporting from ABC News Australia. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

Australia — Daniel Ziffer and Yiying Li