Albanese welcomes Iran ceasefire as global oil prices tumble
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A fragile ceasefire between Israel and Iran has led to a tumble in global oil prices and a rise in stocks. The ceasefire remains in place despite earlier violations, with global leaders welcoming the development, including Albanese.
A ceasefire between Israel and Iran is holding, despite earlier violations. Global oil prices have tumbled for a second day, while stocks have risen sharply. The German government has approved a draft budget to increase defence spending. Leaders are arriving for a key NATO summit. The ceasefire has been welcomed by global leaders. Oil prices and stocks are being closely watched as the situation develops.
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