Dollar surges as Middle East war sends oil above $110 a barrel

2026-03-09 - 08:33

This handout natural-color image acquired with MODIS on NASA's Terra satellite taken on February 5, 2025 shows the Gulf of Oman and the Makran region (center) in southern Iran and southwestern Pakistan, and the Strait of Hormuz (left) and the northern coast of Oman (bottom). Iran is considering relocating its capital from congested and smoggy Tehran to the coastal region along the Gulf, an ambitious plan to tackle the city's urban challenges and boost the country's sanctions-hit economy.