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Business

Adrian Black

Australian shares advance on US-Iran deal optimism

United States Oil Iran Qantas Virgin Australia Westpac

Australia's share market has started the week higher. (Joel Carrett/AAP PHOTOS)

Australia's share market has started the week higher, as hopes for a deal to end the US-Iran conflict bolstered investor confidence and pushed oil prices below $US95 a barrel.

The S&P/ASX200 rose 35 points on Monday, up 0.4 per cent, to 8,692, as the broader All Ordinaries gained 38.2 points, or 0.43 per cent, to 8,915.4.

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