The Australian Government has welcomed the announcement of a peace deal between the United States and Iran.
The agreement includes steps towards reopening the Strait of Hormuz and the restoration of freedom of navigation.
A statement from the Prime Minister’s Office and the Department of Foreign Affairs and Trade encouraged all parties to use this opportunity to pursue “durable and lasting peace through dialogue and diplomacy”.
“Australia has long called for de-escalation and an end to the conflict, including in Lebanon.
“Continued restraint and constructive engagement will be essential to prevent further escalation and secure a lasting agreement.
“Iran must address longstanding concerns about its nuclear program and the threat it poses to international security.”
The statement cautioned that a full recovery would take time.
“Restoring this vital trade corridor is essential to easing pressure on energy prices and economies, including in our region,” the statement said.
“We will continue to do all we can to shield Australians from the worst impacts of this conflict.
“Australia now has more fuel in its reserves than ever, and we will continue to work hard to ensure we have adequate supply.”
The statement commended the efforts to date of Pakistan, Qataar, Saudi Arabia, Türkiye and other mediating countries.
Macquarie University defence and security expert Associate Professor Adam Lockyer said open oceans and safe trade routes could no longer be taken for granted.
“Australia should be watching the Gulf very closely,” Associate Professor Lockyer said.
“A major navy does not have to be defeated in battle for its influence to lose value.
“Just being disrupted by a smaller opponent, and failing to protect trade routes and security can expose concerning vulnerabilities.”
