Oil hits 6-wk high as U.S.-Iran conflict, Saudi blockade fuel supply fears
The yen’s weakness has become a growing issue for Japan’s policymakers, given its role in driving up import prices and household living costs.
Shipping disruptions in key Middle East chokepoints intensified as the US-Iran war grinds on, with vessels in the Red Sea making unusual maneuvers, while visible traffic through the Strait of Hormuz sank.
Lynas Rare Earths Ltd. shares dropped to a five-month low after Australia’s largest rare-earths producer reported quarterly sales that missed analysts’ expectations.
South Africa’s finance chief is preparing to oust his deputy from the position of chairman of the board of the Public Investment Corp., the state pension fund manager that’s been wracked by corruption and instability, News24 reported.
Copper pulled back from its highest level since early June as traders watched for any announcement from the White House on its plans for import tariffs on the metal.
Japan’s 40-year government bond auction drew its strongest demand since March 2025 as investors were attracted to higher yields.