Australia’s share market rises to fresh record highs as investor sentiment improves on expectations of an imminent US-Iran peace deal. Multiple outlets report the ASX reaches a record level while oil prices drop sharply. The move is attributed to “peace hopes,” with investors reacting to signs that negotiations between the United States and Iran may be progressing toward a breakthrough. With oil moving lower, energy-related pressures ease, and broader market confidence increases, lifting equity prices across the session. The coverage links the market gains directly to the change in expectations around US-Iran relations rather than company-specific news. Overall, both outlets describe the same dynamic: the ASX records new highs while oil declines, reflecting a shift toward less risk and greater optimism among investors that a potential deal could reduce geopolitical tensions. The reports emphasize the correlation between the slide in oil and the heightened belief in a possible diplomatic outcome between the two countries.