Global stocks drop amid Iran war | Oil price shock | Busting romance scams

The ASX 200 has had its worst weekly drop since Donald Trump’s so-called Liberation Day tariffs shocked global markets in April last year. Investors weigh the prospect of a drawn-out war in the Middle East, with the rising oil price prompting further inflation concerns. And a national taskforce targeting romance scams concludes, referring thousands of suspected scam transactions, social media sites and email addresses for further investigation. SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au Follow SBS News on X: https://www.twitter.com/SBSNews Follow SBS News on Facebook: https://www.facebook.com/sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedback or complaints: https://sbs.com.au/complaints