FX.co ★ DXY Rises 0.5% on Middle East Conflict

The DXY climbed 0.5% to 98 on Monday, its highest level in five weeks, as investors shifted into safe-haven assets following coordinated US and Israeli strikes on Iran over the weekend that resulted in the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei. The escalation has sharply disrupted maritime traffic in the oil-rich Gulf. In response, Iran launched attacks on US assets across neighboring states, including the United Arab Emirates, Bahrain, Kuwait, Qatar, Saudi Arabia, Jordan, Iraq, and Syria.