The U.S. dollar index climbed 0.3% to 98.76 as investors reacted to a deadlock in U.S.–Iran talks and upcoming central‑bank decisions.
Trump rejected Iran’s proposal to end conflict and reopen the Strait of Hormuz, calling off negotiators’ visit to Pakistan, oil supplies constrained.
BOJ kept rates at 0.75% despite three board members urging a hike, warning inflation will exceed its 2% target in 2026.
Brent crude surged as the Strait of Hormuz remained largely closed, tightening about 20% of global oil flow and stoking inflation concerns.