Thanks afternoon crew.
End-of-day summary:
The share market had its best day in a year after the US and Iran declared a temporary ceasefire that will allow shipping to resume through the Strait of Hormuz.
The ASX 200 jumped 223 points or 2.55% to 8952, the index's highest close since the first week of the war.
Oil prices dived and US stock futures and precious metals surged after a two-week ceasefire was announced this morning. The international oil benchmark, Brent crude, and the US oil benchmark both fell more than 14% this afternoon after Iran agreed to reopen the strait to all shipping while negotiations are held in Pakistan.
Australian stocks roared higher, led by gold miners and tech companies - two of the biggest victims of the five-week war. The index's overall gain was dented by heavy falls in energy producers and defensive assets, including utilities and consumer staples.
US stock futures pointed to a strong night ahead on Wall Street. S&P 500 futures jumped 2.46% in US evening trade.
