ASX briefings — Tuesday 16 June 2026

ASX to open higher as US-Iran peace deal sinks oil and lifts Wall Street; RBA decides today (16 June 2026)

A preliminary US-Iran agreement to reopen the Strait of Hormuz crashed crude and powered Wall Street, with the Nasdaq up 3.07% and the VIX down 8.4%. The S&P/ASX 200 is indicated up about 1.2% at the open. The day's domestic pivot is the RBA cash rate decision at 2.30pm AEST, with the rate at 4.35% after three 2026 hikes and consensus leaning to a hold.