Breakfast Briefing | 19 June 2026 | US-Iran Deal Leaves Iran Stronger

Financial markets have largely moved on from the US-Iran memorandum of understanding, but commodity markets are still digesting it. A key US concession gives Iran the ability to charge transit fees for vessels passing through the Strait of Hormuz, and tanker traffic through the chokepoint is already picking up.The overnight macro picture was mixed. US jobless claims held steady and factory sentiment recovered only modestly, while Canada's producer prices jumped 13.6% year-on-year, driven largely by energy. It was a heavy night for central banks following the US Fed: the Bank of England held at 2.75% with two members dissenting for a hike, Indonesia raised again to 5.75% to support its currency, and Switzerland, Norway and Sweden all held.For Australia, the 10-year bond yield rose to 4.79%, keeping local borrowing costs firm and leaving the Reserve Bank of Australia with limited room to move. The US 10yr Treasury slipped to 4.44%. Wall Street rebounded (S&P 500 +0.9%, Nasdaq +1.5%) while the ASX 200 eased 0.6%. Gold fell to USD 4,229/oz, US crude held under USD 75.50/bbl, the AUD softened to 70.2 USc, and Bitcoin dropped 5.1% to USD 62,623.Full analysis and source links at interest.com.au.https://www.interest.com.au/economy/723/us-iran-sign-mou-leaving-iran-stronger-us-data-mixed-canada-ppi-leaps-many-central-bank#BreakfastBriefing #RBA #InterestRates #AustralianEconomy #interestcomau #Hormuz #OilPrices #CentralBanks #BondYields #Bitcoin