Dollar surges as US-Iran war pushes oil past $100 a barrelTankers are seen off the coast of Fujairah, as Iran vows to fire on ships transiting the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026. REUTERSSINGAPORE: The dollar took ⁠another leg higher ⁠on Monday, jumping to a ​three-month peak on the euro as oil surged past $100 a barrel, stocks slid and investors headed for safety ​as protracted war in the Middle East threatened ‌to disrupt global energy supplies. The dollar was up 0.8% to $1.1525 on the euro, its highest since November, and rose almost 0.4% to 158.48 yen early in the Asia session. The ​Australian ‌dollar was down 0.7% to $0.6983 and the New Zealand dollar down 0.6% to $0.5860. Sterling slid nearly 0.8% to $1.3324, while the dollar even gained 0.5% on its fellow safe haven in the ​Swiss ⁠franc.

Source: Bangkok Post March 09, 2026 01:59 UTC