Iran war, Oracle layoffs, El Niño worries: What’s keeping the world in suspense | mint

There was a notable divergence in the market during the 2025 tariff period, with the euro and Japanese yen actually gaining 4.73% and 4.13% against the dollar, respectively, suggesting that trade tensions have helped strengthen key fiat competitors. However, the year is 2026 West Asian War is characterized by a synchronous decline, with Japan and India, both heavily dependent on oil imports, losing sharply in value. The data suggests that conflict is more likely to lead investors to turn to hard assets rather than political disruption.