Dollar firms as cracks emerge in peace deal, pound dips on Starmer uncertainty

Global markets faced jitters as U. S. -Iran tensions escalated, impacting oil prices and the Strait of Hormuz.

Despite peace talks, threats from President Trump and Tehran's actions cast a shadow. U. S.

Meanwhile, the British pound weakened amid political uncertainty, and the Japanese yen neared a two-year low, with authorities watching currency movements closely.

Treasury yields also climbed, signaling expectations of further interest rate hikes.