Michael Thompson

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I'm Michael Thompson.

That was Fear and Greed.

Have a great day.

Welcome to the Fear and Greed Business News Afternoon Report for Monday, the 15th of June, 2026.

I'm Michael Thompson, and every afternoon we've got the five stories that happened today that you need to know about.

Let's get going.

Story number one's a big one.

The local share market jumped to a two-month high today after the US and Iran announced an interim peace agreement, boosting hopes that oil supplies...

through the Strait of Hormuz will soon resume.

More on that in a moment.

But the S&P ASX 200 rose 1.3% to 8,914 points, its highest close since mid-April.

Miners and banks led the rally.