Affected by concerns about the Iran war, the US dollar has risen along with oil prices.

The US dollar rose, driven by concerns about a potential war with Iran. Reports suggested that the International Energy Agency proposed the largest ever release of oil reserves, and Energy Secretary Chris Wright reportedly said in a now-deleted social media post that the US had escorted a ship through the Strait of Hormuz. However, after reports that Iran had placed mines in the Strait of Hormuz, President Trump threatened to escalate attacks, leading to a new round of risk aversion and rising oil prices. The increasing oil prices reduce the prospect of a rate cut in the US, and support the country's trade conditions as an oil-exporting nation. The DXY dollar index rose 0.2% to 98.982.