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AAP
AAP
Business
Derek Rose

Aussie shares lift on hopes for Middle East peace deal

Investors are betting on the US and Iran reaching a deal soon to end the Middle East war. (Joel Carrett/AAP PHOTOS)

The local share market has rebounded as investors cling to hopes the US and Iran might soon return to the negotiating table rather than resume their war. 

The benchmark S&P/ASX200 index rose 44.8 points, or 0.5 per cent, to 8,970.8 on Tuesday, while the broader All Ordinaries gained 51.7 points, or 0.57 per cent, to 9,165.1.

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