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Trump Offers to Release Iran's Frozen Assets in New Proposal

The dollar rose 0.05% as oil prices climbed and traders sought safe assets after renewed attacks on shipping in the Gulf.

  • Renewed Gulf tensions and conflict with Iran-aligned Houthis are pressuring global oil markets, with Tehran threatening to close the Strait of Hormuz unless the United States meets its conditions.
  • Investors are purchasing the safe-haven dollar as concerns about the economic impact of the energy shock from the Iran war intensify following reports of separate attacks on shipping on Tuesday.
  • The British pound remained unchanged at $1.3505 while the euro slipped 0.1% to $1.1534, as economists expect data to show inflation picked up last month after easing in June.
  • Chris Turner, global head of markets at ING, noted a soft number "should drag market pricing of a September Fed rate hike away from a 50% probability in favour of no change."
  • Higher Japanese government bond yields signal increasing expectations of a BoJ rate hike next month, underscoring the intention to press ahead with policy normalisation despite recent currency market intervention.
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17 Articles

Lean Left

Trump is caught in a war that is becoming increasingly difficult for him to pull out of - without it looking like a defeat.

·Copenhagen, Denmark
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ReutersReuters
+2 Reposted by 2 other sources
Center

Dollar ticks up on Iran tensions, with US data in focus

·London, United Kingdom
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The Frontier Post broke the news on Tuesday, August 11, 2026.
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