The Australian share market is poised for gains this morning, influenced by positive developments in the United States. Weaker-than-expected US inflation data has spurred optimism on Wall Street, suggesting the Federal Reserve may pause interest rate hikes. This positive economic signal is anticipated to translate into a higher open for the ASX. Simultaneously, the US has reimposed a naval blockade on Iran, an event adding geopolitical complexity to the market landscape. Investors are currently weighing the potential impact of both the US economic outlook and the escalating tensions in the Middle East. The ASX is expected to follow Wall Street’s upward trajectory as trading begins.