May 28, 2026 – 4.00pmGold miners and industrial businesses like Brambles and Cleanaway Waste are tipped to be the biggest winners on the Australian sharemarket when oil eventually starts flowing through the Strait of Hormuz again.Equities from Asia to Wall Street rallied earlier this week as oil dropped below $US100 a barrel on the prospect of an imminent peace deal between the US and Iran that could reopen the key waterway, which has been effectively closed since the Middle East war broke out three months ago.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles