Oil prices today: U.S. crude above $83

Oil prices rose Tuesday after an Iranian official said the Strait of Hormuz will not reopen until Tehran’s conditions are met. U.S. West Texas Intermediate futures were 1.4% higher at $83.27 per barrel by 11:53 a.m. ET. Brent crude, the international benchmark, was up 1.3% at $88.85 per barrel. The secretary of Iran’s Supreme National Security Council…

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impact on global currency markets

The Japan flag juxtaposed against a Japanese yen bank note. Javier Ghersi | Moment | Getty Images The unprecedented U.S.-Japan intervention to support the yen may end up shaping market behavior.  Japan has intervened in currency markets before, but this episode was bigger than usual. It was backed by Washington, reportedly executed using the euro-yen…

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Iran’s chief negotiator accuses Trump of ‘theater diplomacy’

Iranian Parliament Speaker Mohammad Bagher Ghalibaf speaks at a press conference in Tehran, Iran, Dec. 2, 2025. Shadati | Xinhua News Agency | Getty Images Iran’s chief negotiator has accused U.S. President Donald Trump of staging “theater diplomacy,” as Washington and Tehran offer conflicting accounts of bilateral engagement aimed at ending the months-long hostilities. “‘Massive…

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