Australia’s sharemarket is trading at its highest level since early March after the US and Iran struck a two-week ceasefire, easing soaring oil prices and boosting investor confidence.<\/p>\n
The S&P\/ASX200 gained 233 points on Wednesday, up 2.55 per cent, to 8,951.8, as the broader All Ordinaries lifted by 244.5 points, or 2.74 per cent, to 9,165.7.<\/p>\n
Oil prices plummeted on news of the temporary truce, which hinges key agreements including the re-opening of the Strait of Hormuz to western oil tankers, after its effective blockade by Iran plunged the world into an energy crisis.<\/p>\n
It was the Australian market\u2019s best day in about a year, returning $83 billion to the All Ordinaries’ $3.1 trillion combined market value after falling more than 10 per cent at its lowest point since the conflict began.<\/p>\n","protected":false},"excerpt":{"rendered":"Australia’s sharemarket is trading at its highest level since early March after the US and Iran struck a…\n","protected":false},"author":2,"featured_media":381397,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[39066,114,85,46,43],"class_list":["post-381396","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-aap","tag-business","tag-il","tag-israel","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/381396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=381396"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/381396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/381397"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=381396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=381396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=381396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}