Brent crude slipped below $82/bbl, down 1.7% on the day.

Nauru's president announced the country will change its English name from 'Nauru' to 'Naoero' and its international code from NRU to NRO. The Pacific island nation has about 12,000 people, the world's third-smallest by population.

President Trump called the first coordinated US–Japan yen purchases in decades a “signal of friendship.” Treasury Secretary Bessent said the Trump administration will “deliver on commitments to trusted partners.” Analysts warn Washington’s intervention is unlikely to be free: they say support for the yen — lifted from near 40‑year lows — may be tied to US strategic aims including bolstering Prime Minister TAKAICHI amid weak polls, pressing Japan to follow through on a previously pledged $550bn investment package into the US and to yield more in trade talks. Bessent has voiced worry about spillovers to the $31trn US Treasury market; he has identified the 10‑year yield as his key gauge, and the 10‑year yield hit the highest level of his tenure on Friday, the same day as the yen intervention.