Secret U.S.-Iran Contacts Signal Peace Talks, Dollar Falls from Highs

Odaily News As concerns over U.S.-Iran conflict ease, demand for safe-haven assets declines, and the U.S. dollar exchange rate retreats. The New York Times reported that one day after the attacks began, Iran had contacted the United States through indirect channels to discuss conditions for ending the conflict. Additionally, Trump stated that the U.S. would provide military escorts for oil tankers passing through the Strait of Hormuz. David Morrison of Trade Nation noted in a report: "If there is evidence that shipping can pass safely through the strait before the weekend, this will play a significant role in comprehensively easing tensions." (Jin10)