May 25, 2026, 1:28 AM EDT. Australian shares are poised to open lower, with ASX futures down 58 points to 8,627, as elevated oil prices and uncertainty around the US-Iran peace talks fuel inflation concerns. Despite Wall Street closing higher-with the Dow Jones hitting a record high and the S&P 500 extending its winning streak to eight weeks-market sentiment remains cautious. US Treasury yields rose to their highest since February 2025, reflecting expectations of possible interest rate hikes by the Federal Reserve. European markets hit their strongest weekly gains in seven weeks, while oil prices advanced with Brent crude rising 1.33% to $103.94 a barrel. US consumer sentiment hit a record low amid political uncertainty, adding pressure to global markets.