The dollar strengthened again as concerns about escalating conflict in the Middle East pushed up oil prices and dampened risk sentiment. Previously, a stronger yen had briefly caused the dollar to retreat slightly after Japanese officials issued stronger warnings about possible intervention to support the yen. However, the dollar's decline was limited and short-lived, supported by its safe-haven appeal and the US's status as a net oil exporter. Chris Turner of ING stated in a report, "Unless Iran sends clear signals of de-escalation, it's difficult to see the dollar giving back its gains for the month in the short term." (Jinshi)