Strait of Hormuz Incident and Currency Intervention

A cargo ship reported Monday that it was struck by a projectile while passing through the Strait of Hormuz overnight, as the U.S. and Iran are at odds over holding new peace talks. The United Kingdom Maritime Trade Operations Center (UKMTO) stated that the cargo vessel reported that it was "hit by a

Treasury Secretary Scott Bessent said the U.S. bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets.