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Yen Surges Amid Oil Price Fears as Mideast Tensions Escalate

Guavy AI Editorial Team
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The Japanese yen has strengthened to its strongest level since February, while the US dollar falters as oil prices surge towards $100 per barrel.

Ongoing conflict in the Middle East is adding to market uncertainty, with Iran-backed Houthis launching strikes on Saudi cities and US forces targeting Iranian oil tankers.

The war in Yemen has been ongoing for over six months, and the latest developments have pushed oil prices closer to the critical $100 threshold.

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