[U.S.-Iran Tensions Reignite, Dollar Rises] According to Golden Finance, on May 28, the U.S. dollar remained at a high level after hitting a seven-week high overnight, as escalating war tensions with Iran drove up oil prices and investors sought safe-haven assets. The U.S. military launched new strikes on Iran on Wednesday after Tehran deployed drones to target merchant ships in the Strait of Hormuz. U.S. President Trump also dismissed a report from Iran's state news agency claiming that Iran had received an informal draft agreement to resume shipping through the strait. The DXY Dollar Index rose 0.2% to 99.359, having reached an overnight high of 99.544.