Australia's mining stocks jump as Trump agrees to two-week ceasefire

Australia's mining stocks .AXMM rise as much as 5.3% to their highest level since March 6

Oil slides below $100 per barrel after U.S. President Donald Trump agreed to a two-week ceasefire with Iran O/R

Worries that the Iran conflict and surging oil prices would raise fuel costs, had led to sharp sectoral losses in March MET/L

Mining giants BHP BHP.AX, Rio Tinto RIO.AX and Fortescue FMG.AX gain between 3.1% and 4.3%

BHP, RIO and FMG shed 13.7%, 3.5% and 3.9%, respectively, in March

Sub-index up 12.7% this year, including day's move