Brent nears $100; USD/JPY holds as Middle East tensions flare
Brent crude climbed to the cusp of $100 a barrel, last seen in late July, as fresh fighting in the Middle East raises fears of wider regional war; yen sentiment looks resilient in the session ahead.
Brent crude has climbed to the cusp of $100 a barrel, a level last seen in late July, as fresh fighting in the Middle East fuels fears the conflict could spread into a broader regional war. That backdrop is keeping a lid on risk sentiment, while USD/JPY is holding steady.