By Chuck Mikolajczak
NEW YORK, July 20 (Reuters) - The dollar rose on Monday as investors eyed developments in the Iran war, while the pound fell from earlier highs as markets prepared for new British Prime Minister Andy Burnham.
Yemen's Iran-aligned Houthis said they were imposing a naval blockade on Saudi Arabia, a move that opens a new front against the United States in its war on Iran and widens the threat to global energy supplies and trade beyond the Gulf.
Crude prices came off their initial move higher, however, as Tehran and Washington signaled they wanted to resume diplomacy.
U.S. crude was up just 0.01% at $82.50 a barrel and Brent rose to $88.17 per barrel, up 0.08% on the day, after earlier hitting their highest levels in more than a month.
NEW YORK, July 20 (Reuters) - The dollar rose on Monday as investors eyed developments in the Iran war, while the pound fell from earlier highs as markets prepared for new British Prime Minister Andy Burnham.
Yemen's Iran-aligned Houthis said they were imposing a naval blockade on Saudi Arabia, a move that opens a new front against the United States in its war on Iran and widens the threat to global energy supplies and trade beyond the Gulf.
Crude prices came off their initial move higher, however, as Tehran and Washington signaled they wanted to resume diplomacy.
U.S. crude was up just 0.01% at $82.50 a barrel and Brent rose to $88.17 per barrel, up 0.08% on the day, after earlier hitting their highest levels in more than a month.
14 days ago
