Live: ASX set to fall as oil passes $US109 and bond yields surge

Brent crude has jumped 7.5 per cent as conflict in the Middle East fuels fears of further supply disruptions.The jump in Brent crude to more than US$109 lifted US yields to multi-year highs and Wall Street fell.The ASX is set to follow, with futures pointing to a 0.9 per cent fall at the open.Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Fri 11 Sep 2026 at 7:18amFri 11 Sep 2026 at 7:18amMarket snapshotASX 200 Futures: -0.9% at 8,729 points Australian dollar: -0.9% at 71.5 US cents Wall Street: Dow Jones (-0.6%), S&P 500 (-0.58%), Nasdaq Composite (-0.65%)Europe: FTSE (-0.57%), Stoxx 600 (-0.69%), DAX (-0.84%)Spot gold: -2.29% to $US4,358/ounce Oil (Brent futures): +7.4% at $US108.68/barrel Iron ore: -1.3% at $US98.20/tonne Bitcoin: -1.46% at $US77,202Prices current around 7:20am AESTFri 11 Sep 2026 at 7:41amFri 11 Sep 2026 at 7:41amMarkets recap: David Chau's finance reportIf you need a refresher before the ASX opens for trading today, catch David Chau's finance report.David spoke about the fact the ASX dropped to a seven-week low as markets were spooked by oil prices jumping above $US100 per barrel and government borrowing costs rising to their highest level in years.Fri 11 Sep 2026 at 6:57amFri 11 Sep 2026 at 6:57amASX to fall 0.9pc at the open as oil and US yields soarGood morning and happy Friday!Business reporter Lin Lin here to guide you through the morning on the markets blog, covering the latest business news.It’s a less-than-happy lay of the land for markets again today (and that's putting it mildly).Overnight, Brent crude surged 7.5%, while WTI is now above US$100, after the biggest rise in attacks on shipping since the Iran war began spurred concerns about further supply disruptions.That prompted losses on Wall Street and in the bond market, with the US 10-year yield hitting 4.96%. Remember, bond prices and yields move in opposite directions.The Australian share market is set to follow suit, with futures pointing to a 0.9% fall at the open.The Australian dollar is also 0.85% lower at 71.5 US cents.I’ll be back shortly with plenty more.