The Australian share market has bounced back from a seven-week low after US President Donald Trump postponed new strikes on Iran.
The benchmark S&P/ASX200 index posted its best performance in nearly two weeks on Tuesday, climbing 99.3 points, or 1.17 per cent, to 8,604.7.
The broader All Ordinaries gained 94.1 points, or 1.08 per cent, to 8,829.5.
In Washington, Mr Trump said he had shelved plans for a "scheduled attack of Iran tomorrow" after appeals from the leaders of Qatar, Saudi Arabia and the United Arab Emirates.
The Australian dollar was trading for 71.35 US cents, from 71.27 US cents at 5pm on Monday.
