U.S. Scott Bessent, Japan confirm intervention

The yen held firm on Tuesday as traders remained on alert to the prospect of a coordinated currency intervention by authorities in the U.S. and Japan. Twenty47studio | Moment | Getty Images Japan’s finance ministry said Monday it had conducted a coordinated yen-buying operation with the U.S. Treasury on Friday, marking a rare joint move…

Read More

Trump says he called off planned strike on Iran

An oilfield crew, contracted by the Railroad Commission of Texas (RRC), works a service rig during a state-funded oil well plugging operation in Midland, Texas, US, on Thursday, Sept. 25, 2025. Eli Hartman | Bloomberg | Getty Images Oil prices fell Monday in Asia trading as investors pared geopolitical risk premiums after U.S. President Donald…

Read More

Why Iran’s power structure complicates a ceasefire

In the five months since the Iran war began on Feb. 28, each pause in fighting has underscored the complexities of ending it. The June 17 memorandum of understanding opened a 60-day negotiating period over the Strait of Hormuz, sanctions and Iran’s nuclear and missile programs, but frayed within weeks as Iranian attacks on shipping…

Read More