Muscat: The dollar strengthened to the highest level in a broad rally against most its peers in early Asian trade today as peace talks between the US and Iran broke down and the US Navy prepared a blockade of Iranian ports. The US dollar index, which measures the greenback's strength against a basket of six currencies, was up as much as 0.5% at 99.187, its highest level since 7 April 2026.

According to Oman News Agency, the euro was down 0.5% at $1.1667 as the British pound fell 0.6% to $1.3383, while the Australian dollar was 0.8% lower at $0.7014 and the New Zealand dollar was 0.7% at $0.5798.