Dollar Rises as US-Iran Ceasefire Comes Under Strain, Markets Brace for Escalation Without Panic

As the US-Iran ceasefire comes under strain, global markets are preparing for a potential escalation, but are not yet considering a full-blown crisis. Iran launched missile and drone strikes against the UAE, expanding the conflict beyond a bilateral confrontation, while the US reinforced the protection of shipping lanes in the Strait of Hormuz. Markets are currently in a preparatory phase, with oil prices experiencing limited gains.