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AAP
AAP
Business
Adrian Black

Aussie shares edge higher as iron ore tumbles

The local share market has forged a modest gain to start the week on a positive footing. (Paul Braven/AAP PHOTOS)

Australian shares have shaken off a weak start to forge a modest gain as oil prices retreated on hopes the US and Iran are looking to de-escalate their conflict.

The S&P/ASX200 rose 42.5 points on Monday, up 0.47 per cent to 9,019.3, as the broader All Ordinaries advanced 41.4 points, or 0.45 per cent, to 9,178.4.

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