AM 24 Jul 26: Oil tops $100 as share markets sink

The Australian share market is poised to open lower after global markets tumbled on disappointing earnings from major tech companies and escalating Middle East tensions, which pushed oil prices above US$100 a barrel. The S&P 500 posted its worst day in a month, while yesterday's stronger-than-expected Australian jobs data reignited rate hike concerns. Plus, a closer look at why Australia remains one of the world's richest countries.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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