JKM spikes on the Iran scare and Australian strikes in early June, then falls ~15% on the month as buyers hold back ahead of summer peak
Australia
After dropping the contested unrealised-gains design, Labor lands an extra 15% over A$3m and 25% over A$10m, indexed
Tranche 2 of the EPBC reforms creates a national EPA as Australia takes a negotiator role at Türkiye's COP31
Western Australia confirmed the continent's first H5N1 wild-bird detection June 20; South Australia followed June 24; seabirds from Heard Island are the suspected vector; no poultry infections yet
Évian invites Brazil, Egypt, India, Kenya and South Korea, but not Canberra, breaking a near-unbroken run since 2019
Singapore meeting streamlines the buy to second-hand boats and launches the first Pillar II undersea-drone project
Hegseth's AI memo names swarms a pace-setter; allied AWE26 links US, UK and Australian swarms live