The U.S. dollar extended its gains, supported by rising Treasury yields and escalating geopolitical tensions between the United States and Iran, which have heightened concerns over inflation risks. The dollar index — which tracks the greenback against a basket of six major currencies — strengthened as markets priced in the potential impact of rising energy prices. Recent developments, including renewed threats from Donald Trump to target Iranian energy infrastructure and demands to reopen the Strait of Hormuz, have increased doubts over the effectiveness of ongoing negotiations. As tensions escalate, crude oil prices ... (full story)