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ASX Preview: Australian Shares Set to Fall on US-Iran Talks Uncertainty; Charter Hall Group Raises Fiscal 2026 Guidance for Operating Earnings

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Australian shares are poised to fall on Monday as investors weigh renewed uncertainty over US-Iran talks, with progress on a potential deal to reopen the Strait of Hormuz and address Iran's nuclear program still unclear.

Sentiment is also being pressured by a sharp slide in oil prices amid concerns that escalating tensions in the Middle East could still disrupt global shipping routes and weigh on growth.

On May 22, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.4%, 0.2%, and 0.6%, respectively.

In corporate news, Charter Hall Group (ASX:CHC) increased its fiscal year 2026 guidance for operating earnings to AU$1.03 per security from AU$1 previously.

Beach Energy (ASX:BPT) agreed to sell its 50% interest in VIC/L35, containing the Artisan gas field in the offshore Otway Basin, to Amplitude Energy (ASX:AEL).

Australia's benchmark index rose 0.4% or 35.3 points to close at 8,657 on May 22.

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