Oil Prices Remain Elevated Amid US-Iran Conflict, Sparking Fed Hike Fears

Oil prices have stabilized somewhat on Friday, but remain elevated following the U.S.-Iran conflict. This has led to concerns that the Federal Reserve may raise interest rates this year.

Bitcoin rose slightly by 0.6% to $65,509 as a result of stabilizing U.S. stock futures after sharp falls overnight.

The dollar index fell 0.1% to 101.384 due to the surge in energy prices and subsequent Federal Reserve expectations for rate hikes.