US-Iran tensions underpin dollar as yen nears 40-year low

TOKYO, July 23 : The dollar largely stabilised on Thursday as renewed U.S.-Iran tensions kept investors on edge and underpinned demand for the safe-haven currency, while the yen languished near a 40-year low with little sign of a turnaround.The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was flat at 101.11. The greenback has gained as the worsening flare-up between Washington and Tehran triggered a rebound in oil prices and fanned inflation fears.Oil prices rose, with Brent crude futures up by more than 1.3 per cent to $95.31 a barrel on Thursday after the U.S. military said it launched a new round of strikes on Iran and the Iranian-aligned Houthis claimed military strikes on two Saudi oil tankers as part of a naval blockade on