Dollar firms as Iranian attacks intensify
Good morning. The dollar is recovering from yesterday’s losses as crude prices ricochet higher following a series of Iranian strikes on energy infrastructure in the Persian Gulf and near the Strait of Hormuz. Brent and West Texas Intermediate are each up more than 3 percent on the session after a tanker was struck by a projectile in the Gulf of Oman, and drone attacks hit the United Arab Emirates’ Fujairah facilities and the Shah gas field. Crude markets remain remarkably volatile as downstream energy consumers scramble to secure supplies amid continued uncertainty over the scale and duration of the conflict....