The dollar nears weekly high after Trump's comments on Iran
The US dollar remained near its highest level in about a week after President Donald Trump announced the termination of the understanding memorandum with Iran, which boosted demand for the currency as a safe haven. This came alongside Iranian forces targeting military sites in Bahrain and Kuwait, following attacks on oil tankers in the Strait of Hormuz. At the same time, the price of Brent crude oil rose by 6.24% to $78.82 per barrel amid fears of disruptions to oil supplies in the Middle East.
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