Australian energy stocks gain as oil surges on renewed US-Iran fighting

Santos

02/09/2026 01:17

** Australian energy stocks .AXEJ rise as much as 1.6% to highest levels since Aug 25
** Oil prices jumped more than $4 per barrel on Tuesday as traders feared more supply disruptions due to renewed fighting between the U.S. and Iran O/R
** Woodside Energy WDS.AX surges 2.6% and Santos STO.AX up 1.6%
** AXEJ sub-index up 34.3%, YTD

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))