The S&P/ASX 200 index of the Australian stock market closed up 42.50 points after President Donald Trump announced the cancellation of plans to strike Iran and said negotiations would begin. The index closed at 9,019.30 points, up 0.47 percent, while the All Ordinaries index closed at 9,178.40 points, up 41.40 points or 0.45 percent. Three of the four major bank stocks rose between 0.2 and 0.8 percent, but energy stocks fell along with oil prices, with Woodside down 1.4 percent and Santos plunging 1.9 percent.
Woodside Energy Group LtdTrump cancels Iran strike, easing geopolitical tensions and lowering oil prices, hurting Santos.