# Euro, yen slide as Middle East conflict escalates | Reuters

> The euro and yen fell on Monday as higher oil prices weighed on currencies of countries most exposed to energy shortages. The dollar gained from a safe-haven bid tied to conflict in the Middle East.

- Date: 2026-03-01 · published 2026-03-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11001-euro-yen-slide-as-middle-east-conflict-escalates-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Energy importers' currencies weaken when oil rises, which raises import costs for feed-importing economies and can shift feed purchasing power. A firmer dollar also makes dollar-priced commodities more expensive for buyers outside the US.

## Read by commodity

- DXY: bullish ▲
- BRENT: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2026-03-02 | 1 | -1.1% | -3.3 | Euro fell as higher oil prices from Middle East escalation hit energy-importing currencies while the dollar gained safe-haven demand, directly matching the 1-day move. |
| DXY | 2026-03-02 | 1 | +0.7% | 3.3 | The euro and yen fell against the dollar on higher oil prices and a safe-haven bid, which are major components of the broad dollar index move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-31 | [Oil Rises On Middle East Conflict Escalation Fears](https://feedsoft.ai/events/28028-oil-rises-on-middle-east-conflict-escalation-fears.md) | +3.9% | +0.7% |
| BRENT | 2026-10-02 | [Markets Ablaze: Gas & LNG Prices Surge as Middle East Conflict Escalates](https://feedsoft.ai/events/17233-markets-ablaze-gas-and-lng-prices-surge-as-middle-east-conflict-escalates.md) | +7.5% | +9.7% |
| BRENT | 2023-10-09 | [Middle East conflict fuels rise in commodity prices \| Reuters](https://feedsoft.ai/events/9277-middle-east-conflict-fuels-rise-in-commodity-prices-reuters.md) | +7.4% | +0.0% |
| BRENT | 2026-07-22 | [Oil price rises above $95 mark as Middle East conflict escalates \| Oil \| The Guardian](https://feedsoft.ai/events/9932-oil-price-rises-above-95-mark-as-middle-east-conflict-escalates-oil-the-guardian.md) | -8.2% | +0.8% |
| BRENT | 2026-03-01 | [Oil jumps, dollar rallies with gold as conflict grips Middle East \| Reuters](https://feedsoft.ai/events/10713-oil-jumps-dollar-rallies-with-gold-as-conflict-grips-middle-east-reuters.md) | +31.0% | +62.6% |
| EURUSD | 2024-06-10 | [Euro tumbles as Macron calls snap French election \| Reuters](https://feedsoft.ai/events/10798-euro-tumbles-as-macron-calls-snap-french-election-reuters.md) | -1.0% | +0.1% |
| EURUSD | 2026-03-02 | [European markets hurting as Iran war widens \| Reuters](https://feedsoft.ai/events/11002-european-markets-hurting-as-iran-war-widens-reuters.md) | -1.8% | -2.6% |
| EURUSD | 2024-06-14 | [Election concerns in France give euro worst week in two months \| Reuters](https://feedsoft.ai/events/10799-election-concerns-in-france-give-euro-worst-week-in-two-months-reuters.md) | -0.6% | +1.5% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/dollar-gains-euro-sags-iran-war-lifts-energy-prices-2026-03-01/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.