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Dollar soars as oil prices surge and trade tensions escalate

Guavy AI Editorial Team
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USD
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The US dollar rose on Friday, buoyed by higher U.S. Treasury yields and a spike in oil prices.

Brent oil prices climbed back above $100 a barrel after Yemen's Houthis struck two Saudi oil tankers in the Red Sea, extending the Middle East war to a second major shipping chokepoint.

US President Donald Trump promised 'major military punishment' for Iran and its Houthi allies.

The renewed global trade tensions sent U.S. Treasury yields higher on inflation fears, with the benchmark 10-year yield rising to an over 18-month high above 4.7%.

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