U.S.-Iran tensions flare up; U.S. dollar index stabilizes after rising to a seven-week high
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- As renewed tensions in the Iran conflict led to rising oil prices and investors sought safe havens, the US dollar remained at high levels after hitting a seven-week high overnight.
- The US military launched new strikes against Iran on Wednesday.
- US President Trump also refuted a report from an Iranian state news agency, which claimed that Iran had received a draft informal agreement to resume shipping through the strait.
- The US Dollar Index rose 0.2% to 99.36, with an overnight peak of 99.544.
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