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Dollar Holds Near Two Week High as Oil Surges Past 100 on Hormuz Tensions
Business
Published on 24 April 2026
Iran seized ships in the Strait of Hormuz
The US dollar hovered near a 1.5-week high as Middle East peace talks stalled and Iran US tensions deepened, pushing crude back above $100 a barrel. Investors stayed cautious as the conflict around the Strait of Hormuz escalated, including Iran seizing ships, while expectations for a Fed rate cut faded in response to the shock.
- Dollar stays near a 1.5-week high amid Middle East tension
- Oil rebounds above $100 per barrel on stalled peace talks
- Hormuz standoff escalates with ships seized by Iran
- Fed rate cut hopes weaken as markets price higher risk
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic