Australia's energy stocks rise on strong oil prices

Santos

11/08/2026 01:20

** Australia's energy stocks .AXEJ rise as much as 2.8% to their highest level since July 31
** Sub-index on track for a fourth straight session of gains, if trend holds
** Overnight, oil prices settled 5% higher after Iran and the United States traded demands for compensation, dimming prospects for a deal to reopen the Strait of Hormuz O/R
** Shares of oil majors Woodside Energy WDS.AX and Santos STO.AX up 2.4% and 3.7%, respectively
** Sub-index has risen 27.2% this year, including session moves

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))