Former Australian Labor MP Michael Danby expects Donald Trump to issue an executive order which will renew “maximum pressure” against Iran.

US President Joe Biden is set to launch renewed drive for a Gaza ceasefire and hostage release deal after a ceasefire deal was reached with Israel and Hezbollah in Lebanon.

“The reason we have all of these proxies fighting and attacking Israel in the Iranian-orchestrated ring of fire is because the Biden administration dropped these sanctions on the sale of oil by Iran,” Mr Danby said.

“That has meant that over $100 billion has flown from Iranian coffers to the Houthis, Hezbollah and Hamas.”