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AAP
AAP
Business
Adrian Black

INSANE: Aussie shares surge on improving risk sentiment - The Real Truth

The ASX climbed higher after oil prices eased amid signs the US conflict with Iran is winding down. (Steven Markham/AAP PHOTOS)

Australia's share market has ripped higher on the back of easing oil prices following signs the US conflict with Iran could be winding down, softening the global inflation outlook.

The S&P/ASX200 gained 99.3 points on Tuesday, up 1.1 per cent, to 9129, as the broader All Ordinaries advanced 104.4 points , or 1.14 per cent, to 9267.8.

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