Thanks afternoon crew.
End-of-day summary:
The share market had its best day in four weeks as tentative signs of progress towards a peace deal in the Middle East soothed oil prices.
The ASX 200 rallied 113 points or 1.3%. Today's gain was only the index's second advance in 12 sessions, and also its biggest leap forward since a blistering 223-point surge on April 8.
Early gains accelerated after US President Donald Trump announced he was pausing attempts to help neutral ships through the Strait of Hormuz. Trump said the gesture would allow time for negotiators to seal a "Complete and Final Agreement" with Iran to end the current conflict. Brent crude eased 2% following the announcement.
The twin pillars of the ASX - financials and materials - both lifted more than 2.3%. The industrial sector rallied 1.13% to its highest in almost two months. At the other end of the market, energy producers, telcos and healthcare providers declined.
US stocks advanced to new highs overnight as the AI trade lifted the Nasdaq Composite 1.03% and helped the S&P 500 put on 0.81%. S&P 500 futures were ahead 0.28% at the Australian market close.
