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Australian energy stocks decline as oil prices fall

ReutersMar 23, 2026 11:10 PM

Australian energy stocks .AXEJ fall as much as 4.1%, set for its worst session since March 10, if trend holds

Sub-index tracks oil prices which plunged about 11% overnight after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days O/R

Shares of oil and gas firms Woodside Energy WDS.AX and Santos STO.AX down 3.7% and 3.2%, respectively

Sub-index has however risen 30.2% this year, including session moves

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