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AAP
AAP
Business
Adrian Black

Shares soar to record highs as oil dives on peace hopes

United States Oil
The S&P/ASX200 has broken its all-time highs on hopes of a US-Iran peace deal. (Dan Himbrechts/AAP PHOTOS)

Australia's share market has broken multiple records as investor confidence surges on hopes for an imminent US-Iran peace deal.

The S&P/ASX200 closed at a record-high 9,227.8 on Wednesday, up 82 points, or 0.9 per cent, as the broader All Ordinaries rose 93.5 points, or one per cent, to 9,405.4.

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