The us dollar rose on monday:aven assets following US and Israeli strikes in Iran, which have raised fears of a prolonged conflict in the Middle East. Investor attention is focused on the strategic Strait of Hormuz, where shipping has been disrupted by Iranian retaliatory attacks.

According to State Information Service Egypt, the strait serves as a major route for global oil flows. Experts noted that any sharp and sustained rise in oil prices would heavily impact the economies of Japan and the Eurozone, which rely on crude oil imports, while the U.S. economy is better positioned to adapt, having been a net oil exporter for nearly a decade.

Financial markets experienced notable volatility. The U.S. Dollar Index rose 0.74% to 98.37, its highest level since January. The Swiss franc reached record levels against the euro at 0.9028 and fell to 0.7727 versus the dollar. The euro declined to $1.1721, its lowest level since January, while the Japanese yen weakened 0.61% to 157.005 per dollar after an initial rapid surge.

Analysts at the British bank Barclays indicated that the dollar could strengthen by 0.5%-1% for every 10% increase in oil prices, noting that the escalation in Iran supports dollar gains through higher energy costs and increased safe-haven demand.