ASX expected to fall after Wall Street losses and rising oil prices

Chinese coverage focuses on the risk that US–Iran tensions could spiral into a wider Middle East conflict that disrupts energy supplies. Beijing’s warnings about an "uncontrollable situation" frame Washington’s threats and shifting deadlines as a source of instability for oil importers like China. Commentators expect China to keep calling for talks and may seek a role in easing tensions to protect trade and energy flows.

• •Chinese officials warned that continued US–Iran confrontation could create an uncontrollable situation in the Middle East.
• •Beijing links sharp oil price swings to Trump’s public threats and peace proposals.
• •Chinese outlets highlight that both Washington and Tehran publicly disagree over whether talks are actually taking place.
• •Commentary stresses that large oil price moves threaten growth in energy-importing economies such as China.
• •Chinese voices urge diplomatic engagement to prevent further shocks to global energy and shipping routes.