Housing market tumbles; US-Iran peace deal teeters; fuel excise cut extended

Monday 22 June 2026

Auction clearance rates fall to their lowest level since the early days of COVID, as higher interest rates and budget changes kick in. 

• The ceasefire between the US and Iran teeters on the brink 
• BHP gets sold off on cost overruns, as CSL finds a bunch of friendly investors
• The federal government extends the fuel excise discount
• UK PM Keir Starmer is set to lose his job

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