Oil kept climbing as tensions flared in the Middle East. Brent crude briefly touched $90 a barrel, ending up 1.4% to $88.91. Stocks fell for the second day. The Dow ended down 184 points, or 0.3%. The S&P 500 declined 0.3% and the Nasdaq fell 0.6%.

Last month’s yen intervention is wearing off. The yen traded around 159.34 per dollar, not far off from its key 160 level—often the threshold for policymakers. A lasting solution requires the interest-rate gap between Japan and the U.S. to narrow, likely needing BOJ rate-hike signals.

Intel increased its planned share sale to $20 billion, up from $15 billion announced Monday. The new total equals roughly the company’s total planned capex this year. Intel shares were little changed.

Before software firm Medallia was taken over by creditors, it had delayed interest payments for about four years on debt ballooning to some $2.8 billion. The option—payment in kind (PIK)—became a popular sweetener in private credit, but now lenders are clamping down amid default fears.