# Dollar gains as Middle East conflict lifts oil, Fed hike looms By Reuters

> The dollar rose across the board as Middle East conflict pushed up oil and investors anticipated the Federal Reserve's first rate hike in over two years. Brent briefly reached $109.8 a barrel, and Houthi strikes on Saudi Arabia and a closed bypass pipeline were cited as drivers.

- Date: 2026-09-14 · published 2026-09-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/17642-dollar-gains-as-middle-east-conflict-lifts-oil-fed-hike-looms-by-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher crude lifts input costs for fertilizer, freight and biofuels, which tends to support grain and oilseed values. A stronger dollar raises the price of US feed commodities for foreign buyers.

## Read by commodity

- DXY: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-08-24 | [Dollar slips further as oil rallies, commodity currencies gain \| Reuters](https://feedsoft.ai/events/12117-dollar-slips-further-as-oil-rallies-commodity-currencies-gain-reuters.md) | +5.7% | +7.0% |
| BRENT | 2026-03-30 | [South African rand weakens as Middle East conflict elevates oil prices \| CNBC Africa](https://feedsoft.ai/events/20456-south-african-rand-weakens-as-middle-east-conflict-elevates-oil-prices-cnbc.md) | +1.2% | -5.1% |
| BRENT | 2026-06-19 | [Dollar index hits 13-month high on hawkish Fed, shaky Middle East outlook](https://feedsoft.ai/events/11519-dollar-index-hits-13-month-high-on-hawkish-fed-shaky-middle-east-outlook.md) | -6.4% | +3.9% |
| BRENT | 2026-04-01 | [Oil shock from Middle East war pushes investors to shun Asian currencies: Reuters poll](https://feedsoft.ai/events/20387-oil-shock-from-middle-east-war-pushes-investors-to-shun-asian-currencies.md) | -12.2% | -1.1% |
| BRENT | 2020-09-16 | [Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates \| Reuters](https://feedsoft.ai/events/51031-global-shares-slip-dollar-gains-as-fed-sticks-to-agenda-of-near-zero-rates.md) | +3.1% | +4.6% |
| DXY | 2023-07-31 | [Dollar gains after Fed loan survey, yen slips By Reuters](https://feedsoft.ai/events/35219-dollar-gains-after-fed-loan-survey-yen-slips-by-reuters.md) | +0.9% | +2.3% |
| DXY | 2024-09-30 | [Dollar gains as Fed's Powell adopts hawkish tone on economy \| Reuters](https://feedsoft.ai/events/28504-dollar-gains-as-fed-s-powell-adopts-hawkish-tone-on-economy-reuters.md) | +0.9% | +3.1% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |

## Sources

- za.investing.com: https://za.investing.com/news/economy-news/dollar-steady-yen-near-7month-high-ahead-of-fed-boj-meetings-4462640

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