The ASX 200 climbed 110 points or 1.3% to end at 8,914 on Monday, extending strength from the prior session and reaching its highest level in over seven weeks. A strong rally in U.S. stock futures boosted sentiment after Washington and Tehran agreed to an initial peace deal and reopen the Strait of Hormuz. Locally, traders anticipated the Reserve Bank of Australia's interest rate decision, due Tuesday, with a rate hold largely expected following a slew of weak domestic economic data and after three rate hikes since the start of the year. In main trading partner China, meanwhile, May activity data will also be due, including industrial output, retail sales, and the jobless rate. Gains were broad, led by non-energy minerals, industrial services, logistics, and financials. BHP jumped 3.6%, and Rio Tinto added 2.6%. Sigma Healthcare surged 6.4% after ending talks to buy the UK’s Boots. The big four banks rose between 1% and 3%. Energy lagged, with Woodside down 5.1% and Santos off 7.4%.