US-Iran war, March 7 -- The US Dollar Index moved closer to the 100 level on Friday, touching an intraday high of around 99.30, even as global crude oil prices climbed amid ongoing tensions between the United States and Iran, which showed little sign of easing.

The index gained 1.3% for the week, marking its strongest weekly rise since mid-November 2024 as rising tensions in the Middle East boosted demand for safe-haven assets.

The index tracks the greenback's performance against a basket of six major currencies. During periods of heightened global risk, the dollar typically strengthens as investors view it as the world's primary safe-haven asset - the financial equivalent of parking money in a secure place while still earning returns....