Dollar falls as Trump says Iran war is nearly complete

The dollar fell Monday as President Trump suggested the Iran war is nearly over. Stocks rose and oil prices dropped as energy supply fears eased globally.

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The United States dollar retreated from its recent highs on Monday following remarks from President Donald Trump suggesting a potential conclusion to the military conflict with Iran. In an interview with CBS, the president indicated that the war effort is nearing completion, a statement that eased investor fears regarding a long-term disruption to global energy markets and the broader economy.

Smoke billows over the southern suburbs of Beirut following an Israeli military strike during the heightened conflict involving the U.S. and Israel against Iran, March 6, 2026. REUTERS/Khalil Ashawi
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