{
  "id": 4994004,
  "title": "Dollar holds firm as Middle East hostilities drive oil prices higher",
  "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-drive-oil-prices-higher",
  "topic": "world",
  "section": "World",
  "published": "2026-09-02T01:21:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil"
  },
  "original_language": "en",
  "account": "The dollar index, currently at 99.67, remained stable on Wednesday as Middle East hostilities sparked a rise in oil prices and renewed inflation concerns. This safe-haven appeal was bolstered by climbing Treasury yields and expectations of a Federal Reserve rate hike, despite economic data falling short of expectations. The US initiated airstrikes against Iran on Tuesday, triggering Iranian retaliation and triggering the latest significant escalation in weeks. Oil prices surged nearly 1% in early trade, with Brent futures climbing 0.92% to $95.52 a barrel and US West Texas Intermediate (WTI) CLc1 rising 0.89% to $91.02. Kumiko Ishikawa, a senior FX analyst at Sony Financial Group, emphasized the need for ongoing caution regarding Middle East developments. While recent US job openings and manufacturing data were below forecasts, markets now anticipate a 67% probability of a Federal Reserve rate hike in September, up from 40% a week prior, according to CME Group's FedWatch tool.",
  "summary": "Rising Treasury yields and increased bets on a Federal Reserve rate hike have bolstered the currency’s safe-haven appeal.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "Al-Monitor",
        "title": "China's Xi lands in Egypt as Iran war reshapes Middle East alliances",
        "url": "https://urgent.news/2026/09/01/chinas-xi-lands-in-egypt-as-iran-war-reshapes-middle-east-alliances",
        "published": "2026-09-01T17:46:41.000Z"
      },
      {
        "outlet": "Toronto Sun",
        "title": "Canada left high and dry in cricket world with war in Middle East",
        "url": "https://urgent.news/2026/09/01/canada-left-high-and-dry-in-cricket-world-with-war-in-middle-east",
        "published": "2026-09-01T18:15:51.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Dollar holds firm as Middle East hostilities lift oil",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil",
        "published": "2026-09-02T01:02:49.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar holds firm as Middle East hostilities lift oil",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil-4985775",
        "published": "2026-09-02T01:07:33.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "The USS Abraham Lincoln arrives in Thailand following its Middle East deployment",
        "url": "https://urgent.news/2026/09/02/the-uss-abraham-lincoln-arrives-in-thailand-following-its-middle-east",
        "published": "2026-09-02T01:14:35.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar holds firm as Middle East hostilities drive oil prices higher",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-drive-oil-prices-higher-4995985",
        "published": "2026-09-02T01:21:00.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Dollar holds firm as Middle East hostilities lift oil",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil-4988805",
        "published": "2026-09-02T01:26:17.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Dollar holds firm as Middle East hostilities lift oil",
        "url": "https://urgent.news/2026/09/02/dollar-holds-firm-as-middle-east-hostilities-lift-oil-4991525",
        "published": "2026-09-02T01:49:33.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Gold hits over 3-week low as Middle East tensions fan rate-hike fears",
        "url": "https://urgent.news/2026/09/02/gold-hits-over-3-week-low-as-middle-east-tensions-fan-rate-hike-fears",
        "published": "2026-09-02T02:39:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}