Iran war ceasefire provides breathing space

Iran war ceasefire provides breathing space

Media Relase: 8 April 2026

The Australian Chamber of Commerce and Industry (ACCI) has welcomed the two-week ceasefire in the Iran conflict, saying that it will provide critical breathing space for Australian businesses.

Australia's largest and most representative business network said the two-week ceasefire, which is conditional on Iran reopening the Strait of Hormuz, is a positive step, but warned it is not a time for complacency.

"News of a two-week ceasefire gives some relief, as it provides crucial breathing space and the opportunity to progress work in improving fuel security," ACCI chief executive officer Andrew McKellar said.

"However, the risks have not disappeared. Businesses remain exposed to global supply shocks, and Australia cannot assume that the break in conflict will hold."

Mr McKellar said the ceasefire must be used productively, including strengthening alternative supply arrangements, including with regional allies, replenishing domestic fuel reserves, strengthening supply chains, and ensuring contingency arrangements are ready if the situation deteriorates.

"ACCI's four-point plan remains critical, with clear priorities around securing supply, ensuring distribution, managing demand and protecting business continuity," Mr McKellar said.

"We welcome the steps the government has already taken to support business continuity, including measures to reduce cost pressures such as cutting the road user charge, which has provided some immediate relief for transport and logistics operators."

Mr McKellar said it was also sensible for government and business to prepare for the possibility of renewed disruption.

"If conditions were to worsen considerably, targeted and temporary support may become necessary to ensure business continuity," he said.

"The priority now is to use this window to strengthen Australia's resilience, reduce exposure to future crises, and continue managing our fuel use and demand."