Australian energy stocks rise most in nearly three months as oil prices jump

Woodside Energy

08/07/2026 01:18

** Australian energy stocks .AXEJ rise as much as 3.6%, their biggest intraday pct jump since April 13 
** Oil prices jumped after the U.S. military launched a series of strikes against Iran, heightening concerns that a fragile truce was faltering O/R 
** Energy sub-index hits its highest level since June 23 
** Woodside Energy WDS.AX jumps 4% to its highest point in over two weeks, while Santos STO.AX climbs over 5% to strongest level since mid-June  
** Both stocks were among the top gainers in the ASX 200 benchmark .AXJO index, which was last down over 1%


 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.kumar@thomsonreuters.com;))