US Dollar Index rose 0.2% to 98.59 as safe‑haven demand surged amid heightened U.S.–Iran tensions in the Strait of Hormuz.
Brent crude topped $101/barrel; euro fell 0.3% to $1.1708; UK CPI rose to 3.3% YoY on oil‑price shock.
President Donald Trump extended a two‑week US‑Iran ceasefire, but attacks on three ships kept geopolitical risk high, supporting dollar strength.
Fed nominee Kevin Warsh testified he would not promise rate cuts and may pursue a policy overhaul, while confirmation remains uncertain.