SYDNEY, April 18, 2026 (BSS/AFP) - Australian Prime Minister Anthony Albanese welcomed on Saturday Iran's agreement to stop blocking the Strait of Hormuz but said the situation remained "fragile".

"This was positive news that we received last night," Albanese told journalists in Sydney after participating in a multinational summit on the issue.

"We hope that it holds, but what we know is that the impact will be long lasting," he added.