Laura Becerrati

And this is after oil prices fell back below 108 US a barrel amid signs of progress in negotiations between the US and Iran, which we'll talk about later.

in just a moment.

But if you remember, oil prices got to something like 120 US a barrel just last week.

So they've really come off the boil.

Now, in terms of the US and Iran, we did hear Trump say that the United States will guide stranded ships through the Strait of Hormuz, calling this Project Freedom.

Now, he said this follows very positive discussions with Iran, which are still continuing, but

Reports from Iran, however, warn that any US interference in the Strait of Hormuz will be considered a violation of the ceasefire, saying the Strait will not be managed by, quote, Trump's delusional posts.

So the two still seeming to not see eye to eye.

They're at a stalemate of sorts.

But, you know, some reports of productive talks.

But we have heard this a number of times, haven't we?

Absolutely.

Now, speaking of tech stocks, the reason that they're doing so well is they're really tracking the performance of their U.S.

peers.

So, we did see the tech-heavy Nasdaq cracking a fresh record high on Friday night.

That was helped in part by strong earnings results, particularly from Apple, which came out after the U.S.

market shut on Thursday night.

So, that was, well, Friday session was the first chance for investors to respond to that.

So, today, we're

We are seeing many of the top performers being tech stocks, Life360, the location tracking up, up by 6% in top spot, but other companies like Xero also leading the way.