Australian equities were higher by midday, led by gains in basic materials as investors returned to mining and energy stocks. Copper rose to its highest level since mid-June, while gold climbed to $US4,122 an ounce and Brent crude traded above $US92 a barrel, a six-week high. Market focus remained on the escalating U.S.-Iran conflict entering a tenth day of exchanges, alongside a rebound in U.S. semiconductor shares and heightened geopolitical risk premiums.

Australian equities slid after Donald Trump said the US-Iran ceasefire was “over,” stoking a renewed flare-up in the Persian Gulf and lifting Brent crude above $82 a barrel from earlier lows. Energy stocks including Woodside, Santos and Ampol rose as oil prices rebounded. Gold unexpectedly fell to $4,075 an ounce and the basic materials sector dropped 1.9%. The rise in oil was attributed to a revived geopolitical risk premium rather than inflation or demand shifts.

特斯拉向澳大利亚市场推送FSD（Supervised）v14.3.3软件更新，覆盖HW4硬件的Model Y和Model 3，新增Sloth速度模式、升级神经网络编码器、优化交通标志识别与紧急车辆响应等。Model Y为澳大利亚5月最畅销新车。FSD订阅制已落地，本次更新属区域性功能强化，非全球同步，亦非L3级监管批准，但强化了特斯拉FSD商业化进展的可见性。

Colombian rightwing candidate Abelardo De La Espriella is on track to win the presidential election, taking just under 50% of the vote with nearly 95% of ballot boxes counted. His leftist rival Ivan Cepeda trailed by about 368,000 votes on 48.4%, according to data from the national registry office. De La Espriella has pledged to end the current administration’s restrictions on new oil projects and expand oil and gas development. Cepeda has vowed to continue President Gustavo Petro’s energy policy, including a moratorium on new oil projects.

Australian shares extended losses for a second day, with the ASX200 down 1% and mining stocks leading declines. BHP’s warning of a $US2 billion cost overrun at its Canadian Jansen potash project renewed concerns about capital spending risks in the resources sector. Gold slipped below $US4,190 an ounce as the U.S. dollar strengthened following a more hawkish-than-expected debut from new Federal Reserve chair Kevin Warsh, while the energy sector fell 1.2% despite geopolitical support for oil prices. The Australian dollar was at $US0.7005.

Tesla’s Cybercab robotaxi has been photographed on New Zealand’s South Island, where two left-hand-drive prototypes were seen being transported to the Cardrona cold-weather test facility. The two-seat electric autonomous vehicle is designed without a steering wheel or pedals, and Tesla plans to sell it to the public in 2026 with U.S. pricing expected to be about US$30,000. EPA documents list a single front-mounted motor, a 50kWh battery and an EPA-estimated 451km range. Tesla’s robotaxi service is already operating in multiple U.S. cities.

The United States and Iran signed a 60-day interim peace deal extending the ceasefire announced in April, while Washington kept the option of military escalation. After the agreement was released, WTI crude fell 1.25% to $US75.83 a barrel and Brent slid 1.4% to $US78.41. Asian equities were broadly steady, even as all three major U.S. indexes fell more than 1% overnight, with the Nasdaq down 1.34%. Japan’s Nikkei hit a record high, led by semiconductor and AI-related shares.

Australian shares moved modestly higher, with the ASX200 up 0.55% by midday. Brent crude fell below $US80 a barrel, its lowest level since March, pressuring energy stocks. Gold traded at $US4,343 an ounce and firmer copper prices helped lift BHP to a new intraday high. Markets are focused on the next day’s US Federal Reserve rate decision, which is expected to remain on hold, while the Australian dollar rose to 70.68 US cents.