Hong Kong, Aug 3, 2026 (AFP) - Oil prices sink on Middle East hopes, yen extends gains after joint intervention

NAMPA / AFP

2026-08-03

Oil prices tumbled Monday as Donald Trump said fresh talks with Iran will begin later in the day, while the yen extended gains after US and Japanese officials confirmed a rare joint intervention to prop up the currency. The positive development in the five-month Middle East war did little to support Asian equities, with tech chipmakers SK hynix and Samsung dragging South Korea's Kospi down after Friday's record-breaking rally. The US president sa......

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