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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.

President Donald Trump made the announcement he had signed a deal this morning, saying the strait of Hormuz would be reopened.

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 …

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.