US Dollar Index Advances as Trump and Iran Dismiss Latest Peace Initiatives

BitcoinWorld US Dollar Index Advances as Trump and Iran Dismiss Latest Peace Initiatives The US Dollar Index (DXY) moved higher on Wednesday after both former President Donald Trump and Iranian officials publicly dismissed the latest round of peace initiatives aimed at de-escalating tensions in the Middle East. The diplomatic setback triggered a renewed flight to safe-haven assets, with the greenback gaining ground against a basket of major currencies. Geopolitical Stalemate Fuels Safe-Haven Demand The dollar’s advance came after reports emerged that indirect talks mediated by Oman had failed to produce a breakthrough. Trump, in a statement, described the proposals as “unacceptable,” while Iranian Foreign Ministry spokespersons characterized the conditions as “non-starters.” The lack of progress rekindled uncertainty over energy supply routes and broader regional stability, prompting in