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Published 2026-06-29T18:39:04.590424Z
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Middle East tanker attack pushes oil higher while Japan's currency collapses — long energy and prepare for inflation
A tanker carrying Qatari crude was hit in the Strait of Hormuz as US-Iran hostilities flare up, which immediately disrupted shipping and pushed oil prices higher. This geopolitical instability combines dangerously with historic currency wea