Trump signs executive order for oil tariffs as Iran tensions rise
President Donald Trump signed an executive order targeting oil suppliers to Cuba. The move came as reports of possible action in Iran moved currency and oil prices.
Insights:
The White House said President donald trump signed an executive order that would impose tariffs on countries that provide oil to 
CU. This policy announcement arrived alongside geopolitical reports that donald trump is considering strikes against 
IR, including targeted options against security forces and leaders according to multiple sources. These reports prompted a surge in oil prices and weighed on the 
US dollar index (DXY), as donald trump described the military vessels in the region as an armada sailing to IR.
CU. This policy announcement arrived alongside geopolitical reports that donald trump is considering strikes against IR, including targeted options against security forces and leaders according to multiple sources. These reports prompted a surge in oil prices and weighed on the US dollar index (DXY), as donald trump described the military vessels in the region as an armada sailing to IR.Market reactions to the policy shifts and geopolitical strain were immediate across the foreign exchange landscape. The dollar index rose 0.2% to 96.35, which trimmed its weekly slide to 1.1%. Earlier in the week, the dollar hit a four-year low, and it ended last week with its biggest fall since last April, a move driven partly by concerns about US policy over 
GL. mantas vanagas, a senior economist at Westpac Group, wrote that the threats of military action in IR added further pressure on the dollar.
US policy over GL. mantas vanagas, a senior economist at Westpac Group, wrote that the threats of military action in IR added further pressure on the dollar.
