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AAP
AAP
Business
Adrian Black

Best day in a year as Aussie shares surge on Iran truce

United States Oil IG Bianca De Marchi Joel Carrett Oleg Vornik Iran ASX DroneShield Qantas
The Australian currency and benchmark bourse enjoyed healthy gains after a ceasefire in Iran. (Steven Saphore/AAP PHOTOS)

Australia's share market 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.

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.

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