UNBELIEVABLE: 19 | History Defined

Miners prosper while oil drops on new Middle East peace hopes

The FTSE 100 index closed up 21.68 points, or 0.2%, at 10,879.38.

Evening Standard · Aug 4

Stocks Keep Climbing On Hopes Of Iran Deal And Strong Corporate Results. The S&P 500 Reaches a New Record

The S&P reached a new record high on Tuesday on hopes of a deal to reopen the Strait of Hormuz and renewed appetite for tech stocks.

International Business Times · Aug 4

Scott Bessent Signals Imminent US-Iran Deal to Reopen Strait of Hormuz, Sending Oil Lower: 'We May Have a Deal Today or Tomorrow...'

U.S. Treasury Secretary Scott Bessent signalled the U.S. and Iran could reach an agreement as early as Tuesday or Wednesday to reopen the Strait of Hormuz, restoring free passage for commercial shipping.

Benzinga · Aug 4

US hopeful of Hormuz deal within days as diplomacy with Iran gathers pace

The United States expresses hope for a deal with Iran to reopen the Strait of Hormuz soon. Treasury Secretary Scott Bessent indicated talks could yield an agreement today or tomorrow. This comes as a cargo vessel was struck in the vital waterway, highlighting security concerns. President Donald Trump warned Iran…

The Economic Times · Aug 4

Elon Musk Under Fire After GAO Audit Found Treasury Payment System User Was Granted Delete Access

A government audit reveals security lapses in a Treasury payment system during Elon Musk's brief leadership of DOGE.

International Business Times UK · Aug 4

Global Market: US-Japan coordinated yen intervention raises pressure on bears, but BOJ policy holds the key

The first coordinated US-Japan yen-buying intervention in 15 years has triggered a sharp rebound in the Japanese currency, squeezing bearish positions. However, analysts believe lasting gains will depend on the Bank of Japan backing the move with interest rate hikes, as the US-Japan yield gap remains the key driver of…

The Economic Times · Aug 4

Yen holds gains after Japan, US confirm joint intervention, signal more action

Japan and the United States intervened jointly to support the Japanese yen currency. This rare action aimed to prevent further declines and global economic spillovers. Central bank data suggests Japan spent billions of dollars during the intervention. Officials vowed to take further coordinated action if needed to stabilize the yen.…

The Economic Times · Aug 3

America's 'weird' and 'unwise' intervention in the Japanese yen: 'The last thing you want is to give markets any kind of reason to ask questions'

Why did the Treasury sell euros to buy yen and come to the rescue of the flailing Japanese currency?

Fortune · Aug 3

The US Just Intervened in Japan’s Markets. Why Treasury Secretary Scott Bessent Says the Yen Crisis Might Not Be Over – ‘We Will Not Hesitate’

Behind the joint yen rescue operation, from FIMA to euros, and what it means for the Treasury market, the carry trade, and more.

Barchart · Aug 3

Yen hits three-month high after Trump helps prop up currency

US and Japanese governments confirm they carried out a rare joint intervention late last week

The Guardian - UK · Aug 3