Australian energy stocks track oil prices lower as US, Iran pause fighting

Woodside Energy

27/07/2026 01:30

** Australia's energy stocks .AXEJ fall as much as 3%, their lowest levels since July 22
** Oil prices down 5% after the U.S. and Iran paused strikes over weekend after two weeks of attacks O/R
** Shares of oil and gas firms Woodside Energy WDS.AX and Santos STO.AX down 2.6% and 3.3%, respectively
** Sub-index has risen 22.5% this year, including session moves

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))