Dollar climbs toward two-month high amid Gulf tensions, oil price rise

KUWAIT CITY, Kuwait — The dollar approached a two-month high Tuesday as escalating tensions in the Gulf region pushed oil prices higher and curbed investor appetite for risk assets. The dollar index rose to 99.47, its highest level since early April. The Japanese yen traded at 159.91, hovering just below the 160 level that has drawn market attention in recent sessions. On the same day, Iranian strikes targeted Kuwait's airport, causing damage and multiple injuries, according to the report. U.S. military forces carried out airstrikes near the Strait of Hormuz, further elevating regional tensions. Bitcoin fell 2.8 percent to $63,119, touching its lowest point in four months. The euro held steady at $1.1604 and the pound remained at $1.3424.