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AAP
AAP
Business
Adrian Black

Aussie dollar, shares soar on Iran peace deal hopes

United States Oil Qantas Strait of Hormuz
The S&P/ASX200 had its best session in nearly a month on Wednesday. (Joel Carrett/AAP PHOTOS)

Australia's share market has rebounded on signs the US is seeking a way out of the Persian Gulf conflict with Iran.

The S&P/ASX200 rose 113.1 points on Wednesday, up 1.3 per cent, to 8,793.6, as the broader All Ordinaries gained 112.8 points, or 1.27 per cent, to 9,016.1.

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