Amid Iran Conflict, Dollar Reaches Three-Month Peak as Investors Seek Safety, Global Stocks Decline

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Dollar Surges to 3-Month High Amid Iran War, Global Equities Fall on Energy Shock

Dollar surges to three-month high as Iran war pushes investors to look for safety, global equities fall. Representational image/ Reuters

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Firstpost•04-03-2026, 10:24

Dollar Surges to 3-Month High Amid Iran War, Global Equities Fall on Energy Shock

•US dollar rallies to a three-month high as investors seek safety amid escalating Iran war, triggering a selloff in global equities.
•Oil prices (Brent crude above $82) and European natural gas prices surge, putting pressure on the euro and commodity-linked currencies.
•Rising energy costs fuel inflation fears, complicating policy outlooks for central banks like the ECB and raising concerns for the US.
•Geopolitical tensions escalate with alleged succession developments in Iran and reported Iranian strikes on Israeli/US-linked targets.
•Asian economies face vulnerability due to higher imported fuel costs; US authorizes staff evacuation from Saudi Arabia and Oman.

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