Australia's energy stocks fall on weak oil prices

Woodside Energy

25/05/2026 01:31

** Australian energy stocks .AXEJ fall as much as 3% to their lowest level since May 15

** Oil prices hit two-week lows on optimism that the U.S. and Iran were moving closer towards a peace deal even though they remained at odds over key issues O/R

** Sector majors Woodside Energy WDS.AX and Santos STO.AX down 3.4% and 2.6%, respectively

** Sub-index up 24.8% this year, including the day's move

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))