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Yen Rises Sharply With Traders on Intervention Watch | The Asia Trade 8/3/2026

"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney with Haidi Stroud-Watts and Paul Allen, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)

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Oil prices slump on potential US-Iran deal to open Strait of Hormuz

Oil prices plunged on optimism that the US and Iran will reach a deal to reopen the Strait of Hormuz after President Donald Trump said fresh talks between the warring sides would begin on Monday. Brent, the benchmark for two thirds of the world's oil , slid more than 7 per cent during early trade but recovered some ground to trade 5.09…

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