The oil trade is back in the spotlight. Brent crude jumped 9.6% to $US83.30 a barrel after President Donald Trump reinstated the US blockade on Iranian oil tankers and demanded a 20% payment on all cargo shipped through the Strait of Hormuz. For Australian investors, the energy sector is the clear winner from the latest Middle East flare-up.

Gold miners are also catching tailwinds. Kaiser Reef lifted quarterly gold production 8% to 6,000 ounces across its Henty and...