The Australian sharemarket has jumped higher at the open as pressure from the bond market eased overnight and oil prices fell after President Donald Trump said the US is in the “final stages” of its war with Iran.

Oil prices swung after a scare overnight where prices popped and then moderated, and the yo-yo moves kept stock markets worldwide unsettled.

The Australian sharemarket has jumped higher at the open as pressure from the bond market eased overnight and oil prices fell after President Donald Trump said the US is in the…