Dollar Falls With Oil as Trump Signals Iran War End Is Near

The dollar declined as President Donald Trump told CBS the war in the Middle East could be over soon, providing a relief to the upended global energy market.

The Bloomberg Dollar Spot Index fell 0.1% on Monday after Trump’s remarks pushed energy prices lower, reversing a surge that took oil above $100 a barrel over the weekend. “The war is very complete, pretty much” Trump told CBS News in a phone interview, while also saying the US was considering to take over the Strait of Hormuz, a vital waterway for the global energy supply.