• AUD/USD -0.4% Mon but recovering from a steeper post-open rout

• Fear of Iran war re-escalation hits risk appetite after peace talks fail

• U.S. Strait of Hormuz blockade sends energy prices higher, WTI +8.1%

• AUD recovery likely to run out of momentum near Mon 0.7040 open

• RBA Deputy Governor Andrew Hauser speaking in New York Mon evening

• Range Asia 0.6979-0.7040, support 0.6834 0.6660, resistance 0.7188 0.7282
AUD Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)