Australia news live: share market welcomes peace deal as banks and BHP bounce; tax experts back budget reforms

<p>Follow today’s news live</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>The prime minister and foreign minister have issued a lengthier statement welcoming the agreement made by the US and Iran, and called for continued restraint to avoid further escalation.</p><p>President <strong>Donald Trump</strong> made the announcement he had signed a deal this morning, saying the strait of Hormuz would be reopened.</p><p>Continued restraint and constructive engagement will be essential to prevent further escalation and secure a lasting agreement. We are pleased the agreement between the US and Iran includes steps to reopening the Strait of Hormuz …</p><p>We encourage all parties to use this opportunity to pursue a durable and lasting peace through dialogue and diplomacy. Iran must address longstanding concerns about its nuclear program and the threat it poses to international security.</p> <a href="https://www.theguardian.com/australia-news/live/2026/jun/15/australia-news-live-experts-push-back-at-call-for-shark-cull-after-attack-university-students-report-freedom-of-speech-fears">Continue reading...</a>