Australia's benchmark index has slipped to a six-day low, pressured due to war in the Middle East. -AAP Image
The Australian share market has fallen again after oil rose to near a four-year high, amid fears another strategic Middle East waterway could become an energy choke point.
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The benchmark S&P/ASX200 index on Monday finished down 55.3 points, or 0.65 per cent, to a six-day low of 8,461.0, while the broader All Ordinaries also dropped 55.3 points, or 0.63 per cent, to 8,657.5.
The ASX200 was down by as many as 137 points in morning trading, but clawed back most of those losses in the afternoon to finish on the highs of the day.
Brent crude surged as high as $US116.75 a barrel, a price it last traded at in mid-2022 amid the COVID reopening.
The Australian dollar fell to a two-month low against its US counterpart, trading at 68.66 US cents, from 68.98 US cents around 5pm on Friday.
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