Banks, miners drive ASX higher on Iran hopes; Oil slides
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Banks, miners drive ASX higher on Iran hopes; Oil slides

May 6, 2026
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Posted 2 hours ago by

The Australian sharemarket has made a bright start to the session, following Wall Street higher, on rising hopes that the US and Iran can agree to a peace deal to end the conflict in the Middle East.

Banks, miners drive ASX higher on Iran hopes; Oil slides
Sydney Morning Herald
Sydney Morning Herald

Coverage and analysis from Australia. All insights are generated by our AI narrative analysis engine.

Australia
Bias: lean left

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