Australian energy stocks track crude prices higher on renewed Mideast tensions

Woodside Energy

09/07/2026 03:33

** Australian energy stocks .AXEJ extend gains to rise 1.9%, hitting their highest since June 22
** Oil prices rose on Thursday after the U.S. launched fresh strikes against Iran, denting hopes for an end to the Iran war and for the full reopening of the Strait of Hormuz 
** Brent crude futures LCOc1 rose 1% to $78.8 a barrel by 0054 GMT O/R
** Australian oil and gas heavyweights Woodside Energy WDS.AX and Santos STO.AX up 1.9% and 1.3%, respectively 
** YTD, energy sub-index up around 17% 

 (Reporting by Shruti Agarwal in Bengaluru)
 ((Shruti.Agarwal@thomsonreuters.com;))