The United States and Japan have undertaken a coordinated intervention in global currency markets, aiming to strengthen the Japanese yen. Both nations affirmed their readiness for further joint action to stabilise the currency.
James Roscoe, formerly Deputy British Ambassador to the US, has abruptly left his prominent diplomatic role. The Foreign, Commonwealth & Development Office has provided no explanation for his departure, which comes after a period where he served as interim ambassador.
The UK government has relaxed sanctions on Russian oil refined in third countries, including diesel and jet fuel, effective Wednesday. This adjustment comes as supply concerns persist, exacerbated by the effective blockade of the Strait of Hormuz. Sanctions on Russian liquefied natural gas (LNG) transport were also eased, despite the UK's stated commitment to imposing "severe costs" on Russia.
