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The Economic Times

Business / The Economic Times

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Dollar gains, euro sags as Iran war lifts energy prices

Investors sought safe havens as the euro slid and the Swiss franc rose following a U.S. and Israeli bombing of Iran that killed Ayatollah Ali Khamenei, creating a power vacuum and escalating Middle East war risks. Oil prices surged nearly 9% on fears of trade disruption, impacting energy importers like China and Europe.

2 Mar 2026 7:18 am