Headline news for June 18, 2026: President Trump signs the U.S.-Iran memorandum of understanding at the Palace of Versailles and the Strait of Hormuz reopens instantly, all sanctions are lifted and the war that began February twenty-eighth is formally over. The Federal Reserve holds rates under new chair Kevin Warsh but nearly half of policymakers now expect a hike by year end. 

Synopsis: A round up of global headlines to start your day by The Business Times. 

Written by: Claressa Monteiro (claremb@sph.com.sg)

Produced and edited by: Claressa Monteiro or Howie Lim

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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