Australian shares drop to four week low as U.S. Iran talks stall and inflation fears rise

Investors held back after stalled peace talks

Australian shares fell to their lowest level in nearly four weeks as investors stayed cautious. Stalled U.S. Iran peace talks added geopolitical uncertainty, while investors also looked ahead to upcoming domestic inflation data, keeping risk appetite muted. The combination pressured trading and reflected a market waiting for clearer signals on both policy and prices.