Australia's energy stocks fall on weak oil prices

Santos

03/08/2026 03:37

** Shares of Australian energy stocks .AXEJ fall as much as 2%, marking the steepest intraday pct fall since July 27
** Sub-index falls on lower oil prices, which fell after US 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
** Among index heavyweights, Santos STO.AX lost 2%, while Woodside Energy WDS.AX declined 1.9%
** AXEJ up 24% YTD, including the day's move

(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com; ))