The decline reflected investor expectations that easing tensions between Washington and Tehran could reduce the risk of ongoing disruption to global crude supplies through the strait. Speaking to reporters aboard Air Force One shortly before US markets opened on Globex Sunday evening, Trump claimed a Hormuz deal had been reached and said denuclearisation talks with Iran would begin the following afternoon. "We will not hesitate to participate in further joint intervention," Bessent said. The yen extended its rally through the session, with USD/JPY posting a sharp plunge below 156. Widely circulated market chatter, though unconfirmed, pointed to a wall of importer dollar-buying bids resting around the 155 level, a level that may act as near-term support should the yen's advance continue.