New Zealand welcomes progress towards Iran peace deal

Foreign Minister Winston Peters says New Zealand welcomes the announcement of the acceptance of the United States - Iran Memorandum of Understanding aimed at ending the conflict in the Middle East.

"This pivotal, constructive deal is a step towards reducing tensions and promoting stability in a region that is critical to global economic security.

"The disruption to the Strait of Hormuz has had serious impacts on New Zealand's economy, as well as on our Pacific partners," Mr Peters says.

"We welcome steps that will enable the safe reopening of this vital maritime route and restore confidence in key supply chains.

"Dialogue and diplomacy remain the most effective means of resolving longstanding issues. 

"This is a good first step and we hope the parties now seize the opportunity to resolve the tensions in the region," Mr Peters says.