Australian shares slide amid ongoing Mideast conflict

The Sydney Opera House and the indicator boards at the ASX
The ASX has finished down as oil prices edge higher amid the ongoing conflict in the Middle East. -AAP Image

Australia's share market has lost ground as conflict in the Middle East continues to pressure oil prices, weighing on investor confidence.

The S&P/ASX200 fell 13.2 points, or 0.15 per cent, to 8,535.2, as the broader All Ordinaries lost 10.2 points, or 0.12 per cent, to 8,764.8.

Oil prices gained ground during the session, after US President Donald Trump urged Iranians in Tehran to evacuate after five days of strikes between Israel and Iran.

Only two local sectors had made clear gains by the close, with IT stocks up 0.4 per cent after a positive night for US tech stocks and a 0.4 per cent push in real estate stocks as Goodman Group pushed 1.4 per cent higher.

The Australian dollar was at 65.29 US cents, up from 65.06 US cents on Monday at 5pm.