Trump-Iran Tensions Keep Oil Prices Elevated Amid Hormuz Supply Fears 
Trump to Visit China for Key U.S.-China Summit With Xi Jinping 
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Trump Says Iran Ceasefire ‘On Life Support’ as Oil Prices Surge Above $104 
Gold Prices Slip as Strong Dollar and Rising Oil Weigh on Market Sentiment 
Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
US Auto Industry Urges Trump to Block Chinese EV Market Access 
Asian Stocks Slip as Korea’s KOSPI Tumbles Amid Iran Conflict and Chip Sector Profit-Taking 
KOSPI Hits Record High as AI Chip Demand Boosts Samsung and SK Hynix 
US, Japan Reaffirm Strong Currency Coordination Amid Yen Volatility 
Trump-Xi China Summit 2026: Trade Tensions, Taiwan, and Iran Take Center Stage 
US Inflation Expected to Rise Again in April as Fed Signals Higher Interest Rates 
Asian Stocks Rise Despite Middle East Tensions as Chipmakers Boost Markets 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Dollar Gains on Safe-Haven Demand as Iran Tensions and Inflation Data Loom 
The U.S. dollar regained its footing against major currencies on Tuesday after pulling back from recent highs, following President Donald Trump's statement that the Iran conflict could conclude "very soon." Despite the partial recovery, global financial markets remain on edge as Iran's Revolutionary Guards publicly rejected Trump's remarks as "nonsense," keeping geopolitical tensions firmly in focus.
In Asian trading, the greenback held at 157.73 yen and $1.1632 per euro, retreating slightly from Monday's peaks. The currency had surged earlier as investors sought safe-haven assets amid fears that an extended Iran war could trigger a severe global energy crisis. U.S. and Israeli military operations have effectively halted oil and gas exports through the critical Strait of Hormuz, sending energy prices into overdrive.
Brent crude futures were trading around $93 per barrel — significantly above pre-conflict levels, though retreating from Monday's near $120 peak. Analysts warn the energy market volatility is far from over. Rodrigo Catril, senior currency strategist at National Australia Bank, cautioned that the path to de-escalation remains uncertain, noting that whether Iran would be open to winding down hostilities is still unclear.
Risk-sensitive currencies bore the brunt of the uncertainty, with the Australian dollar slipping 0.2% to $0.7063 and the New Zealand dollar falling 0.4% to $0.5912. Sterling managed to recover from Monday's losses, holding steady at $1.3434.
Investors are increasingly concerned that persistently high energy prices could dampen global economic growth by driving up business costs and reducing consumer spending, while simultaneously discouraging central banks from cutting interest rates.
Deutsche Bank strategist Henry Allen noted that while markets are inching closer to the thresholds that would trigger broader risk-asset selloffs, equities have yet to reach bear-market territory seen during the 2022 Russia-Ukraine energy shock.
