Dollar Roars as Oil Prices Soar Past $100 Amid Escalating Middle East Tensions

The US dollar surged against major currencies on Friday as oil prices rose above $100 per barrel for the first time since May, fueling inflation concerns globally.

Rising tensions in the Middle East and new trade tariffs imposed by the Trump administration further boosted the dollar's strength. The U.S. Treasury yields climbed to multi-month highs, reaching over 18 months with a benchmark 10-year yield above 4.7%.

The yen remained near a 40-year low against the dollar at 163.86 per dollar. Investors are bracing for central bank decisions amid inflationary pressures, with key events including the Federal Reserve's meeting next week.