US President Trump warned that 'the whole civilization will die tonight' as an Iranian deadline approaches. This signals heightened diplomatic pressure and escalating tensions regarding Iran. The statement reflects the instability in the Middle East and the US's hardline policy toward Iran.
Middle East tensions rise over Iran's control of the Strait of Hormuz, causing the US dollar to hover near its highest level in 11 months. Soaring energy prices due to the conflict and Gulf blockade are driving investors toward the dollar as a safe haven. With Iran failing to comply with US President Trump's ultimatum, dollar strength is expected to persist as markets await Fed policy guidance.