Australian stocks fell 1.7% on Thursday, with the S&P/ASX 200 closing at 8,497.8, its lowest in nearly four months, after strikes on Gulf energy facilities sent oil prices higher. Materials dropped almost 5%, while energy stocks surged, led by Woodside Energy up 7.2% and Viva Energy up 15.2%. The Reserve Bank’s rate hike and weak jobs data added pressure. Brent crude hovered near $112 a barrel.