Published: 2026-08-31T00:28:38.000Z
Asia Open
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U.S. forces have struck two Iranian launchers near Strait of Hormuz
Bessent presses G20 to confront China's $1.2 trillion trade surplus
EMERGING ASIA
Another vibrant weekend as we see U.S. struck two Iranian launchers near Strait of Hormuz on Larak Island, after another tanker has been attacked by Iran over the weekend. Oil prices jumped by more than a USD/b at the opening bell but has since rotated lower as it does not seem to be another beginning of continuous strikes. On the other hand, U.S. Bessent presses G20 to confront China's $1.2 trillion trade surplus and describe the yen's recent slide as well contained, suggesting no fresh intervention needed.