Australian energy stocks rise as oil jumps on failed US-Iran peace proposal talks

Woodside Energy

11/05/2026 01:55

** Australian energy stocks .AXEJ rose 0.8% to 10,311.8 points

** Sub-index snaps three sessions of losses

** Oil prices jumped on Monday as the United States and Iran failed to agree to a peace proposal, keeping global energy supplies tight O/R

** Top players Woodside WDS.AX and Santos STO.AX add 1.8% and 1%, respectively

** AXEJ up 22.3% YTD, outperforming the benchmark's .AXJO 0.4% fall

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))