Australian Prime Minister Anthony Albanese makes a speech during the Victorian ALP state conference in Melbourne, Australia on May 23, 2026. Asanka Ratnayake/Getty ImagesThe Labor government and the Opposition have welcomed a new agreement between the United States and Iran, expressing hope it will help ease tensions in the Middle East and reduce pressure on global energy markets.On June 14 (U.S. time), U.S. President Donald Trump announced that his administration had reached a deal with Iran.
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