Iran Crisis Fuels Dollar Rally. Forecast as of 24.07.2026

The US may have to swallow a bitter pill in its confrontation with Iran. Yet, Brent crude's surge above $100 per barrel could accelerate inflation, weigh on economic growth, and increase political pressure on the Republican Party ahead of the midterm elections. Let's examine the implications for the EUR/USD pair and develop a trading plan.Major Takeaways Brent surged above $100 for the first time in two months. Markets are pricing in a 1-in-3 chance of a Fed rate hike. The ECB failed to boo