Dollar Recovers as Doubts Over US-Iran Deal Persist

The US dollar quickly recouped some of its earlier losses as market confidence in the recently announced US-Iran deal began to waver. Each side is presenting the agreement as a victory for itself, but persistent disagreements have raised doubts about its actual impact on oil supply and geopolitical stability.

The uncertainty has weighed on Brent crude, which initially rallied on hopes of reduced tensions. With the deal's effectiveness now in question, traders are reassessing the near-term outlook for both currencies and commodities.