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Australia responds to US-Iran ceasefire deal
Published 2 weeks, 3 days ago
Description
Donald Trump has agreed to a two-week ceasefire with Iran that should see the Strait of Hormuz reopened, with the US president saying a full peace agreement is close. Australian Prime Minister Anthony Albanese has responded to the development, calling the ceasefire positive while describing Trump's earlier threat to obliterate Iranian civilian infrastructure as extraordinary and inappropriate. The ASX 200 surged 2.6% to just under 9,000 points on news of the ceasefire, with West Texas crude oil falling below $100 US per barrel, though impacts on Australian fuel prices are not expected until next week.
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