The dollar index rose above 99.2 on Thursday, approaching again April-highs, as doubts emerged again about near term resolution to the Iranian war pushing oil prices higher again and reigniting inflation concerns. Reuters reported that Iran’s Supreme Leader has issued a directive stating that the country’s near-weapons-grade uranium should not be sent abroad, hardening Tehran’s position on a key US demand in peace talks. Meanwhile, minutes from the latest FOMC meeting showed that a majority of policymakers believe additional rate hikes may be warranted if inflation remains persistently above the Federal Reserve’s 2% target. Markets still broadly expect rates to remain unchanged for the rest of the year, although traders are currently pricing in roughly a 40% chance of a 25 basis-point hike in December.