Dollar jumps as Middle East tensions rise, Hormuz Strait closed

The Dollar has increased as tensions rise in the Middle East following the closure of the Strait of Hormuz. This development heightens uncertainty within global energy markets and threatens to destabilize geopolitical and economic landscapes. Simultaneously, US-Iran tensions are escalating, with Trump insisting the Strait of Hormuz must remain open. These combined factors could significantly disrupt global oil supply chains, further impacting international markets and overall geopolitical stability across the affected regions.