The ASX 200 rallied 1.1 per cent, or 93.60 points to 8692 which restored $34 billion to the index. 

Largely due to a dip in the oil price as markets speculated on how long the Iran war will last and the Strait of Hormuz will be closed.

 

9 of the 11 sectors ended in the green.

The ASX 200 rallied 1.1 per cent, or 93.60 points to 8692 which restored $34 billion to the index.&nbsp; Largely due to a dip in the oil price as markets speculated on how long the Iran war will last and the Strait of Hormuz will be closed.
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9 of the 11 sectors ended in the green.

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The Money News Market Wrap Podcast is your daily snapshot of the latest market news, conveniently delivered straight to your device after the closing bells ring.
For a deeper dive into the day's biggest business news, listen to Money News every weeknight at 7:00 pm. Missed it live? Catch-up via the Money News podcast.