The dollar is currently benefiting from rising energy prices due to the Middle East conflict, according to Chris Turner of ING. According to Jin10, Turner noted that it might be premature to expect a de-escalation of the conflict, and the U.S.'s energy independence shields it from the impact of high oil and gas prices. The increase in energy prices raises doubts about whether the Federal Reserve can proceed with the two interest rate cuts anticipated this year. Turner suggests that the oil price shock could reverse portfolio investment flows into emerging markets, further supporting the dollar. He predicts that the dollar index could rise to 100.00 this month. Currently, the dollar index has reached 99.221, marking a six-week high.