The ASX 200 ended a three-day winning streak on Tuesday as Middle East developments created conflicting signals for investors. Uncertainty over the Strait of Hormuz and ongoing negotiations kept energy and materials volatile. ASX Limited plunged on cost warnings, while Fisher and Paykel Healthcare soared. Aussie inflation data looms as a major catalyst ahead of the RBA's next rate decision.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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