Crude Steady As Dollar Slumps And Iran Tensions Rise

Oil hovered near a 16-week high as the dollar slumped, with traders eyeing President Trump’s renewed threats against Iran. WTI rose to $62.52, Brent to $67.57. A weaker dollar boosts commodity demand, while Trump’s unpredictable policies, including a Middle East armada and Greenland remarks, continue to drive market volatility and geopolitical risk premiums.