Daily Recap: Business — 25 June 2026

Business news today spans geopolitics, capital markets and the politics of reputation. Donald Trump says Iran has assured Washington that ships using the Strait of Hormuz will face no tolls or extra charges, a claim that, if sustained, could ease pressure on one of the world’s most critical energy corridors, even as Tehran and Washington continue to offer sharply different versions of what is in their emerging framework. In markets, SK Hynix is preparing a huge U.S. listing targeting about $29 billion, underlining investor appetite for major tech and semiconductor plays. In Australia, Gina Rinehart has opened a housing complex for homeless veterans in Perth, but the decision to name it after Ben Roberts-Smith ensures the project arrives with legal and political controversy attached. Meanwhile, Andrew Charlton is being praised for AI policy work and Chris Minns for his leadership after Bondi, highlighting how influence now comes from both technological vision and crisis response.

Top Business stories

• Trump says Iran assured no tolls for ships transiting the Strait of Hormuz (8 sources)
• Gina Rinehart opens homeless veteran housing complex named after Ben Roberts-Smith (4 sources)
• Andrew Charlton lauded for AI policy work; Chris Minns praised for Bondi incident response (3 sources)
• Vaibhav Sooryavanshi to use separate changing room on India’s England tour (3 sources)
• Asia Slows Middle Eastern Crude Purchases After Three-Week Buying Spree (2 sources)
• Thailand central bank keeps key interest rate unchanged at 1.00% (2 sources)
• Labour-linked steel tariffs face criticism over potential impact on defence budgets (2 sources)
• Larry David’s HBO Sketch Show ‘Life, Larry and the Pursuit of Unhappiness’ Reviewed (2 sources)

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