Australian shares are poised to rise on Monday, tracking higher oil prices as fresh Houthi and Iranian attacks add to supply concerns following the closure of Saudi Arabia's key East-West oil pipeline, which threatens to disrupt up to 4% of global oil supply.
On Sept. 11, the Nasdaq Composite and the Dow Jones Industrial Average each rose nearly 1%, while the S&P 500 gained 0.9%.
In the macroeconomy, investors are eyeing Reserve Bank of Australia Assistant Governor Sarah Hunter's speech today.
In corporate news, FleetPartners Group (ASX:FPR) said it received three revised acquisition proposals, including a AU$4.55-per-share offer from SG Fleet Topco, AU$4.65-per-share proposal from Orix, and AU$4.65-per-share bid from the Sumitomo consortium.
Meanwhile, REA Group (ASX:REA) reached a court-enforceable agreement with the Australian Competition and Consumer Commission to resolve the regulator's concerns related to some of the company's subscription offerings.
Australia's benchmark index fell 0.9%, or 78.2 points, to close at 8,741.20 on Sept. 11.