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Washington and Tehran both play it cool

Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, July 27, 2026. Razieh Poudat | WANA | Reuters Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Markets ended last week convinced that a Strait of Hormuz deal was nearing, while Iran...
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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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