The local share market has rebounded as investors cling to hopes the US and Iran might soon return to the negotiating table rather than resume their war.
The benchmark S&P/ASX200 index rose 44.8 points, or 0.5 per cent, to 8,970.8 on Tuesday, while the broader All Ordinaries gained 51.7 points, or 0.57 per cent, to 9,165.1.
In morning trade the ASX200 rose back above 9,000 for the first time since March 3, but gave back some of those gains in the afternoon to finish a touch below Thursday's closing level.
The Australian dollar was changing hands at 70.82 US cents, from 70.44 US cents at 5 pm on Monday.
Earlier on Tuesday, the Aussie breached 71 US cents for the first time since mid-March, climbing as high as 71.02 US cents.
