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It's been a bruising week for the Australian share market, which suffered its biggest drop since April 2025, when US President Donald Trump unveiled his worldwide 'Liberation Day' tariffs. There are signs the US government is worried about the economic impact of its new war in the Middle East. It's now allowing India to purchase sanctioned Russian oil for the next month and the Trump administration is weighing up a range of options to reduce the impact of higher oil prices for American consumers, as finance presenter David Chau explains. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-03-0... ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: / abcnews.au Follow ABC NEWS on Instagram: / abcnews_au Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness