Yen Surges Amid Intervention Talk, Brent Oil Tumbles, Iran Tensions Rise

1. The Yen suddenly strengthened sharply against the Dollar and other major currencies, fueling intervention speculation after Japanese officials warned of speculative moves.
2. Brent crude oil plummeted 3.6%, extending its decline from a 4-year high amid global market dynamics.
3. Iran issued strong statements on securing the Strait of Hormuz and warned the U.S., heightening geopolitical tensions in the key oil shipping lane.