Australia's share market continues to recover on optimism about a potential peace deal between the United States and Iran, despite division remaining on key issues.
The S&P/ASX200 rose 41.4 points by midday on Friday, to be up 0.48 per cent to 8,663.1, as the broader All Ordinaries lifted by 45.2 points, or 0.51 per cent, to 8,886.
"Iran suggested that the latest US proposal 'has narrowed the gaps to some extent' between the two sides," Westpac economist Mantas Vanagas said.
"However, the two countries still appear to be drifting further apart on the two central issues - Iran's nuclear ambitions and the reopening of the Strait of Hormuz."
ASX-listed miners were doing some heavy lifting heading into the weekend, with materials up 1.4 per cent with strong leads from BHP and Rio Tinto.
