The US dollar continued to strengthen for the second consecutive week, driven by rising tensions in the Middle East.

The dollar index rose 1.6% to reach 100.49. Against the euro, the dollar gained 1.7%, with the exchange rate reaching 1.1415 USD/EUR.

Oil prices have also been climbing, recording a 35% increase in recent weeks, further impacting global financial markets.

The strengthening of the dollar is linked to the status of the US currency as a safe haven during times of geopolitical uncertainty.