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Flight Centre Travel Group, Virgin Australia Shares Soar Amid Middle East Ceasefire Extension Hopes

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Shares of Flight Centre Travel Group (ASX:FLT) soared past 9% while those of Virgin Australia Holdings (ASX:VGN) jumped over 5% amid media reports of the US and Iran potentially reaching an agreement to extend the ceasefire in the Middle East.

The US and Iran reached ​an agreement to extend a ceasefire and lift restrictions on shipping through the Strait of Hormuz, Reuters reported on Friday, citing sources. However, US President Donald Trump has yet to approve the deal, and Iranian state media said it had not yet been finalized.

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Electric Utilities' Earnings May See Potential Upside if Wholesale Electricity Price Volatility Increases in June, Jefferies Says

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