Australian Miners Jump Most in a Year on Trump’s Iran Remarks

Australian mining stocks posted their largest gains in almost a year after President Donald Trump decided to postpone attacks on Iran’s energy infrastructure. The postponement reduced near-term geopolitical risk, prompting a sector-wide rally and improved investor risk appetite toward commodity-linked equities.

Analysis

Australian mining stocks posted their largest gains in almost a year after President Donald Trump decided to postpone attacks on Iran’s energy infrastructure. The postponement reduced near-term geopolitical risk, prompting a sector-wide rally and improved investor risk appetite toward commodity-linked equities.