Australian shares move higher as rising oil prices provide a boost to energy stocks. Multiple outlets report that crude prices increase amid escalating tensions between the United States and Iran. The broader market reaction is linked to expectations that the conflict disrupts crude exports routed through the Strait of Hormuz, a key shipping chokepoint for oil transport. As concerns grow about supply risks and potential delays, oil prices strengthen, which in turn supports companies in Australia’s energy sector. The reports describe the move as a leading factor behind the day’s market gains, with investors responding to changing oil-price expectations tied to geopolitical developments. While the coverage focuses on the market impact and the drivers behind oil’s rise, it does not provide detailed figures or additional sector-specific developments beyond energy stocks benefitting from the higher crude. Overall, the sources present a consistent picture: US-Iran escalation heightens supply concerns, oil climbs, and Australian energy shares rise accordingly.