US-Iran peace deal: Australian PM Albanese welcomes Hormuz agreement
Synopsis
Key Takeaways
Australian Prime Minister Anthony Albanese on Monday, 15 June welcomed the peace deal struck between the United States and Iran, calling on both nations to maintain restraint and build on the agreement to secure a durable resolution to months of conflict that has unsettled global energy markets.
Joint Statement from Canberra
In a joint statement issued alongside Foreign Affairs Minister Penny Wong, Albanese said the Australian government is 'pleased' that the agreement includes concrete steps toward re-opening the Strait of Hormuz and restoring freedom of navigation through the critical waterway.
'Australia has long called for de-escalation and an end to the conflict, including in Lebanon. As we have said, the longer this war goes on, the greater the impact will be,' the statement read.
'Continued restraint and constructive engagement will be essential to prevent further escalation and secure a lasting agreement,' Albanese and Wong added.
What the Deal Entails
US President Donald Trump announced that Washington and Tehran had finalised an agreement to reopen the Strait of Hormuz and end the US naval blockade — describing it as a major breakthrough following months of conflict. 'The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!' Trump said in a post on social media.
The Strait of Hormuz is the narrow waterway through which a substantial portion of the world's seaborne oil trade passes. Disruptions to shipping in the strait have contributed to significant volatility in global energy prices in recent months, raising fears of a wider regional war.
Australia's Broader Position
The Albanese government reiterated that it would continue to promote peace, stability, and security across the Middle East, and pledged to do everything possible to shield Australians from the 'worst impacts' of the ongoing conflict.
Notably, Australia's response positions Canberra firmly in the diplomatic mainstream — welcoming the deal without explicitly endorsing every aspect of the US-led negotiating framework. This comes amid broader international attention on the fragile post-deal environment and whether both Washington and Tehran will honour their respective commitments.
What Comes Next
International observers and energy markets will be watching closely to see whether the reopening of the Strait of Hormuz translates into a sustained easing of shipping disruptions. The deal's durability will depend on continued restraint from both sides, as Albanese and Wong underscored. A breakdown could rapidly reverse any relief seen in global oil prices.