Australian airline stocks rise as oil prices slip after Trump cancels attack on Iran
03/08/2026 02:02
BUZZ-Australian airline stocks rise as oil prices slip after Trump cancels attack on Iran ** Shares of Australian airline firms rise as global oil prices tumble
** Oil prices tumble $4 a barrel after U.S. President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran's nuclear ambitions and reopen the Strait of Hormuz O/R
** Qantas Airways QAN.AX rises as much as 2.5% to A$10.2
** Virgin Australia VGN.AX gains as much as 3.6% to A$2.880
** QAN among the top gainers in the broader ASX 200 benchmark index .AXJO
** YTD, shares of VGN and QAN down 18% and 2%, respectively
(Reporting by Rajasik Mukherjee in Bengaluru)
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