Trump Vows Iran Pressure With Naval Blockade, Yen Resumes Rally | The Opening Trade 5/1/2026

Posted on 05/01/2026
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President Trump vowed to maintain a naval blockade on Iran and was briefed by commanders on further military options.

The yen resumed its advance in late trading in Tokyo after an earlier pause in the rally triggered by Japan’s first intervention in the currency market since 2024. 

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie.



Chapters:

00:00:00 - The Opening Trade

00:03:51 - Oil Holds Gains

00:04:53 - Yen Intervention

00:06:37 - Apple Earnings Beat

00:08:28 - OpenAI Responds

00:11:52 - Trump Open to Withdraw Troops From Italy, Spain

00:12:03 - Removing Scott Tariffs After King's Visit: Trump

00:12:39 - S&P Weighs Index Rules

00:17:17 - ECB, BOE Rates

00:26:33 - Iran War Upends Aluminum Market

00:39:16 - Yen Soars After First Intervention in Two Years

00:47:57 - Stocks to Watch: Diageo, Novo Nordisk, NatWest

00:51:57 - Natwest Earnings Beat

01:08:47 - Apple iPhone Revenue 2Q

01:16:39 - Oil Holds Weekly Gain, Brent Crude Levels

01:33:18 - Marathon Asset Management CEO Bruce Richards

01:35:40 - Weekend Teaser: May Day, Met Gala

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