Global Market: Australian shares end higher as Iran truce offers relief, but caution lingers

Global markets saw relief after the United States and Iran agreed to halt hostilities in the Gulf and resume talks over the Strait of Hormuz dispute. Australias S&P/ASX 200 ended 0.7 percent higher at 8,823.40 points, with financials up 0.8 percent and energy stocks adding 0.7 percent on firmer oil prices. New Zealands S&P/NZX 50 index also rose 0.4 percent, though analysts cautioned that energy volatility and fragile sentiment may persist until the deal firms up.