Australia's share market is trading lower on reports the United States has struck targets in southern Iran, rattling hopes of an imminent peace deal.
The S&P/ASX200 fell 37.7 points on Tuesday, down 0.43 per cent, to 8,654.3, as the broader All Ordinaries dropped 39.5 points, or 0.44 per cent, to 8,875.
The slump followed a relief rally on Monday following reports the US and Iran were closing in on an agreement to end hostilities and open the Strait of Hormuz.
