ASX faces worst month in six years as markets struggle.

ASX faces worst month in six years as markets struggle. The XJO fell over one percent Monday with Brent Crude futures surging above US$115 per barrel and gold holding near US$4,500 per ounce. Australia's government announced a fuel excise tax cut for three months, promising drivers savings of 26 cents per litre, yet the market showed limited enthusiasm. Woodside shares initially dipped on the announcement before recovering as investors focused on elevated oil prices. Alcoa surged over seven percent as geopolitical tensions in the Middle East continue reshaping commodity markets. Pilbara Minerals jumped six percent following analyst notes on sustained EV demand despite high fuel costs and expected lithium undersupply by year end. The broader market sentiment reflects ongoing uncertainty about safe haven assets and economic resilience amid global volatility.