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ASX Preview: Australian Shares to Fall as Oil Slides on US-Iran Talks; Northern Star Resources Set to Meet Fiscal 2026 Gold Sales Guidance

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Australian shares are poised to fall on Thursday, tracking weaker oil prices after crude slid more than 1% to its lowest since March on easing supply concerns following progress in US-Iran talks in Qatar.

Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.2%, 0.7%, and 0.03%, respectively.

In the macroeconomy, the international trade in goods report is due at 11:30 am Sydney time.

In corporate news, Northern Star Resources (ASX:NST) reported preliminary gold sold of 433,000 ounces for the June quarter, bringing fiscal 2026 gold sold to about 1.5 million ounces.

Almonty Industries (ASX:AII) said its Sangdong mine in South Korea has started processing plant throughput operations, marking a transition to saleable tungsten concentrate production.

Australia's benchmark index fell 0.6% or 55.8 points to close at 8,722.90 on Wednesday.

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