ASX soars on US-Iran ceasefire hopes, Australia’s richest people

Following Thursday’s $45 billion wipeout, the S&P/ASX 200 has finished the week 1.62 per cent higher following reports that US and Iranian negotiators have reached a tentative deal to extend the ceasefire by 60 days. As a result, oil prices fell sharply while gold and silver rose. For more, Stephanie Youssef spoke with Opal Capital Management Chief Investment Officer Omkar Joshi. Also, the combined wealth of Australia's 200 richest people has surged to more than $700 billion, with mining magnate Gina Rinehart once again leading the Australian Financial Review’s 2026 Rich List. For more, Stephanie Youssef spoke with AFR’s Rich List Deputy Editor Hannah Tattersall.