ASX tumbles to lowest level since May as war drags on

Fears over fuel costs remain as the US and Iran continue to trade barbs and missiles. (Lukas Coch/AAP PHOTOS)

Australia's share market has trimmed some losses but still ended at its lowest level since May 2025, as the Middle East conflict continues to wreak havoc on energy prices.

The S&P/ASX200 fell 62.5 points on Monday, down 0.74 per cent, to 8,365.9, as the broader All Ordinaries lost 75.7 points, or 0.88 per cent, to 8,552.6.