Dollar Hits 2026 Highs as Hormuz Crisis Spikes Oil and Logistics Costs
The U.S. dollar has surged to its highest levels of 2026 as escalating conflict in the Middle East throttles traffic through the Strait of Hormuz, sending Brent crude prices toward $100 per barrel. With Iran threatening $200 oil and attacking merchant vessels, global supply chains face a dual crisis of skyrocketing energy costs and a breakdown in the transit of critical commodities like LNG and fertilizers.