The Australian sharemarket closed in the green while oil prices fell, amid rising hopes of an end to the Middle East conflict.

Australian markets are set to rise this morning, as oil falls on hopes of a diplomatic way out of the war in Iran. Follow the day's events and insights from our business reporters…

The Australian sharemarket closed in the green while oil prices fell, amid rising hopes of an end to the Middle East conflict.

The Australian sharemarket has climbed at the open while oil prices have tumbled on rising hopes of an end to the Middle East conflict.

Optimism about a US-Iran deal boosts shares and $A; coal miners rally on China mine disaster; Guzman y Gomez faces potential US lawsuit; Charter Hall jumps on guidance upgrade.…

Global stocks rose to record highs as crude oil fell after officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows.

Global stocks rose to record highs as crude oil fell after officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows.

The Australian sharemarket opened lower after the US military said it carried out “self-defence” strikes in southern Iran, triggering doubts about an imminent end to the war.

Global stocks rose to record highs as crude oil fell after officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows.

The oil price has fallen 7 per cent on hopes the conflict in Iran will end in a peace deal. Follow the day's events and insights from our business reporters on the ABC News live…

The Australian sharemarket closed sharply lower and oil prices spiked after US forces carried out fresh airstrikes on Iran, with a deal to end the three-month war remaining…