Santos shares jump on $36 billion takeover bid, energy surge as markets brace for war — as it happen

The ASX closed flat as global markets brace for further fall out from the war between Israel and Iran.

Energy stocks rallied on the oil price surge as Asian buyers fretted about interruptions to supplies out of the Middle East, while Santos received a $36 billion takeover bid.

See how the day unfolded with news and analysis on our business blog.

To read more, click here- https://www.abc.net.au/news/2025-06-16/asx-markets-business-news-live-updates/105419516