Australia's S&P/ASX 200 fell to 8,799.1 points on Tuesday, losing 0.19% from the previous session, as renewed threats of U.S. military action against Iran and lingering fallout from a corporate scandal at WiseTech Global kept investors cautious heading into the new trading week.

A Third Straight Session of Softness

The ASX200 fell to 8,800 points on Tuesday, losing 0.18% from the previous session. Over the past month, the index has climbed 1.24% and is up 2.86% compared to the same time last year. The session extends a recent run of weakness that has seen the benchmark pull back from a two-month peak reached earlier in June.

Trump's Iran Threats Resurface

President Donald Trump threatened further military action against Iran despite Vice President JD Vance holding talks with Iranian officials under an interim peace agreement. The renewed rhetoric came even as diplomatic efforts continued in parallel, underscoring just how fragile the broader ceasefire arrangement remains.

That uncertainty has continued shaping sentiment across Asia-Pacific markets more broadly. Asia-Pacific markets traded mixed early in the week, amid higher oil prices as uncertainty over the Middle East conflict continues, with negotiators from the U.S. and Iran holding talks in Switzerland.

Investors Await Key Inflation Data

Beyond the geopolitical backdrop, traders are also positioning ahead of a significant data release later this week that could shape expectations for monetary policy. Investors also awaited key U.S. inflation data later this week for clues on the Fed's policy path. Locally, attention is turning to May CPI and labor market data, which could shape expectations for the Reserve Bank's next........

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