Tinsel Talks Finance - June 16th, 2026

US and Iran Sign Peace Framework: Official signing scheduled for June 19, including a 30-day timeline to reopen the Strait of Hormuz.Markets Rally on Peace Hopes: The Dow hits a record high; the S&P 500 rises 1.7% and the Nasdaq gains 3.1%.Oil Prices Plunge: Brent crude drops roughly 4% to $83 as markets price in restored energy supply.Bank of Japan Raises Rates: The BOJ hikes its benchmark to 1%, a 31-year high, signaling further tightening ahead.KPMG Scandal Deepens in Australia: The government places all KPMG federal contracts under scrutiny amid the audit-leak controversy.