Dollar surges as US-Iran war pushes oil past $100 a barrel

March 9, 2026

The dollar surged to a three-month high against the euro as oil prices surpassed $100 a barrel, prompting investors to seek safety amid fears of disrupted global energy supplies. The ongoing conflict in the Middle East, coupled with Iran’s naming of a new Supreme Leader, intensified concerns about further supply disruptions and their impact on global growth and inflation.

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