Australian Oil Producers' Shares Rise as Iran Reviews US Proposal to End War

MT Newswires Live

03/26

Shares of Australia-listed oil producers rose on Thursday as oil prices rose after Iran's foreign minister said the country is reviewing a US proposal to end the war in the Gulf.

Shares of Beach Energy (ASX:BPT) rose 2%, while Santos (ASX:STO) gained almost 2%, and Karoon Energy (ASX:KAR) added more than 1% in recent Thursday trade.

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