Global Markets Mixed: Oil Slumps on Iran Deal Hopes, Yen Surges After US-Japan Intervention

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International Relations

3 August 2026 at 7:36 am

Global Markets Mixed: Oil Slumps on Iran Deal Hopes, Yen Surges After US-Japan Intervention

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Summary

Global markets saw mixed reactions today, with Asian shares mixed and oil prices slumping due to hopes of an Iran deal. The Japanese yen surged after a rare joint intervention by the US and Japan to support the currency.

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