The Australian share market has closed up after strong metal prices helped miners charge higher. -AAP Image
Australia's share market has lifted for a second straight session on hopes the US and Iran can strike a deal to end the conflict in the Persian Gulf.
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The S&P/ASX200 gained 84.5 points on Thursday, up 0.96 per cent to 8,878.1 as the broader All Ordinaries advanced 90.9 points, or 1.01 per cent, to 9,107.
Miners charged higher on the back of stronger metal prices while energy and utilities stocks dropped following reports Iran was considering a US peace deal that could lead to the gradual reopening of the Strait of Hormuz.
The Australian dollar is buying 72.46 US cents, down slightly from 72.49 US cents on Wednesday at 5pm.
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