Michael Thompson

Enjoy your evening.

Welcome to Fear and Greed, business news you can use.

Today, the US and Iran are set to sign a 60-day ceasefire which will reopen the Strait of Hormuz.

A growing number of local market economists believe the next move in interest rates could be down.

And in the increasingly crazy world of technology, Elon Musk's worth hits $1 trillion as Anthropic's latest AI model is suspended because it's too dangerous.

Plus, the housing market has another week to forget.

and Qantas Mulls dumping its A380s.

It is Monday, the 15th of June, 2026.

I'm Michael Thompson and good morning, Sean Aylmer.

Good morning, Michael.

A cracking show this morning.

I was about to say, there is a lot to get through and only 15 minutes to do it, so let's not...

Let's not waste any time.

The main story this morning, Sean, US President Donald Trump said that the US and Iran will sign a deal to extend the current ceasefire in place in the Middle East and reopen the Strait of Hormuz.

And that is likely as early as this morning, Australian time.

The president said as soon as the deal is signed, the Strait would be open to all.

We have been at the brink of a deal before, only to be disappointed, right?

But this time...

Critically, Pakistani Prime Minister Shabazz Sharif, who is the key go-between for the two sides, said that an electronic signing of a memorandum of understanding was expected within 24 hours.

So this is not just one side or the other saying it.