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Dollar Firms as Middle East Peace Fades and Oil Nears 105 Fuel Inflation Fears
Economy
Published on 12 May 2026
Ceasefire hopes dim as oil lifts rate fears
The US dollar strengthened on Tuesday as stalled Middle East ceasefire talks reduced optimism and lifted oil prices toward $105. Investors moved toward safer assets and warned that persistent energy shocks could keep inflation pressure elevated, forcing interest rates to stay higher for longer. Traders are now watching whether geopolitical tensions intensify further.
- Dollar rises as Middle East ceasefire talks show no progress
- Oil prices edge toward $105, raising inflation anxiety
- Investors shift to safe havens amid growing rate uncertainty
- Energy shocks could keep interest rates higher for longer
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This summarization was done by Beige for a story published on 
Republic