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Derek Rose

Australian shares drop as US vows new oil blockade

United States Oil Donald Trump A2 Milk the Strait of Hormuz

The benchmark S&P/ASX200 index has closed down 34.6 points, or 0.39 per cent, to 8,926.0. (Dean Lewins/AAP PHOTOS)

The Australian share market has fallen after Middle East peace talks broke down at the weekend and the United States said it would begin its own blockade of the Strait of Hormuz.

The benchmark S&P/ASX200 index on Monday finished down 34.6 points, or 0.39 per cent, to 8,926.0 while the broader All Ordinaries dropped 42.3 points, or 0.46 per cent, to 9,113.5.

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