Dollar holds firm as Middle East hostilities lift oil

TOKYO, Sept 2 : The dollar held firm on Wednesday as renewed hostilities in the Middle East pushed oil prices higher and revived inflation concerns.The currency's safe-haven appeal has been reinforced by rising Treasury yields and growing expectations of a Federal Reserve rate hike, even as recent economic data came in

Iran says four projectiles hit cities east of Hormuz Strait The deputy governor for security and law enforcement in Iran’s Sistan and Baluchestan province said on Tuesday that four projectiles struck the southeastern cities of Chabahar and Konarak, east of the Strait of Hormuz, according to Iran's IRNA news agen

US President Donald Trump praised China on Monday for remaining on the sidelines during the prolonged closure of the Strait of Hormuz, just weeks before Chinese President Xi Jinping is expected to visit Washington. “Even with the Strait of Hormuz, he’s relatively inactive. He’s been relatively inactive by comparison to

Trump told Fox News on Monday that the U.S. would respond to Iran's attacks on U.S. forces, without giving details

Iran responded to an assault on its Larak Island by targeting US bases in Jordan First US military attacks on Iran in a month prompt retaliation Coinciding with this week’s G20 meeting, the EU has issued a statement saying it will work with the US and other allied countries to maintain economic pressure against Iran.

For the first time in a month, the US has launched strikes against Iran. The attack targeted the shipping island of Larak in the Strait of Hormuz. The US says it was aimed at preventing Tehran from placing sea mines in the strategic shipping lane, just days after Washington announced it had completed clearing explosive

In Shishir Gupta’s assessment, the failure to produce a regime-changing outcome means that Iran has neither capitulated nor abandoned its core strategic stance.