SBS News In Depth Folgen

Discussions on a peace deal between the United States and Iran appear to be at an impasse, and US President Donald Trump described the ceasefire between the two sides as unbelievably weak. He described Iran's response to the latest proposal from the US as a piece of garbage that he didn't finish reading. Iran says it has not made excessive demands and says the US is the one trying to impose unreasonable demands.

The ASX 200 slipped 0.5 per cent ahead of the Federal Budget as oil prices surged and investors weighed the prospect of tax reform. Banks were weaker across the board, while CSL plunged 16 per cent after cutting earnings expectations and flagging a major impairment.

United States President, Donald Trump, has called Iran's response to a proposal to end the war totally unacceptable. The US proposal sought to end fighting before starting talks on more contentious issues, including Iran's nuclear program. Iranian state TV says that country's response focused on ending the war on all fronts, including Lebanon, and on the safety of shipping through the Strait of Hormuz, without indicating how or when the vital waterway might re-open.