Insights

Weekly Market Commentary – 19th June 2026

19 June 2026

This week Donald Trump finished his Iranian Taco. The US president clearly bit off more than he could chew and Trump has been looking for a way out since it became apparent that the only other real option was significant escalation. As seems typical for the Trump White House, the deal signed this week is an indication of direction of travel, with considerable extra work needed to put details in place. But any agreement between Iran and the US is to be welcomed, particularly if it includes the reopening of the Strait of Hormuz, and equity markets reacted positively.