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AAP
AAP
Business
Adrian Black

Australian shares tread water as traders weigh conflict

United States Oil Iran Ampol BHP Persian Gulf
Renewed fighting between the US and Iran has sent oil prices higher and stoked inflation fears. (Lukas Coch/AAP PHOTOS)

Australia's share market has started the week flat as renewed fighting in the Persian Gulf boosts oil prices and weighs on mining stocks.

The S&P/ASX200 rose 2.5 points on Monday, up 0.003 per cent to 8,808.5, as the broader All Ordinaries slipped 0.7 points, or 0.01 per cent, to 9,003.

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