Australian markets move higher as oil prices fall amid hopes of easing tensions in the Persian Gulf. Multiple reports say the rebound is being led by mining and technology stocks, which gain momentum after the decline in energy prices. The improved sentiment follows market expectations that reduced geopolitical risk could lessen energy price pressures, encouraging investors to broaden positions beyond energy-related stocks. While energy shares are described as slipping, they do not derail the broader advance, suggesting gains in other sectors are outweighing the drag from the energy complex. Overall, the move reflects traders reacting to changes in oil and risk sentiment, with equities outside energy—particularly resources and tech—providing the main lift. The reports present the same core drivers: a fall in oil tied to hopes for de-escalation in the Middle East and sectoral leadership from mining and technology stocks supporting the Australian share market’s rebound.