Shares of Australia-listed oil producers rose on Thursday as oil prices rose after Iran's foreign minister said the country is reviewing a US proposal to end the war in the Gulf.
Shares of Beach Energy (ASX:BPT) rose 2%, while Santos (ASX:STO) gained almost 2%, and Karoon Energy (ASX:KAR) added more than 1% in recent Thursday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.