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U.S.-Iran Ceasefire At Risk: Oil Pulls Rates Higher
2026-05-04 · via All Articles on Seeking Alpha

Summary

  • The US dollar recovered in late turnover ahead of the weekend and has extended its recovery today in holiday-thin trading.
  • Washington announced two measures at the end of last week.
  • Sterling reached almost $1.3660 before the weekend, its best level since February 16.
  • The 10-year US Treasury yield is up nearly four basis points to almost 4.41%.
U.S. and Iranian flags stand before stacked oil barrels, symbolizing geopolitical tensions, energy security risks, and the potential closure of the Strait of Hormuz affecting global oil supply.

Alones Creative/iStock via Getty Images

The US dollar (DXY) recovered in late turnover ahead of the weekend and has extended its recovery today in holiday-thin trading. Japan, China, and UK markets are closed. The ceasefire in the US-Iran war

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