Secret talks between the US and Iran signaled a potential peace process, causing the dollar to fall from its highs.

As concerns over the US-Iran conflict eased, demand for safe-haven assets declined, causing the dollar to fall. The New York Times reported that a day after the attacks, Iran contacted the US indirectly to discuss conditions for ending the conflict. Furthermore, Trump stated that the US would provide military escorts for oil tankers passing through the Strait of Hormuz. David Morrison of Trade Nation noted in a report, "If there is evidence that shipping can safely pass through the strait before the weekend, this will play a significant role in comprehensively easing tensions." (Jinshi)