Australian Miners Jump Most in a Year on Trump’s Iran Remarks

Australian mining stocks gained the most in almost a year after President Donald Trump’s decision to postpone attacks on Iran’s energy infrastructure.

A sub-gauge of materials shares rose as much as 4.1%, the most since April 10, after a possible de-escalation in the Middle East supported prices of some metals. BHP Group Ltd. and Rio Tinto Ltd. each climbed around 4%, while copper producer Sandfire Resources Ltd. surged 11%.