Oil Prices Near Four-Month High Amid Iran Tensions, Weaker Dollar

• Crude oil prices are stable near a 16-week high, driven by a weaker dollar and US President's threats against Iran.
• West Texas Intermediate (WTI) rose 2.9% to nearly $63 per barrel, marking its highest level since early October.
• The dollar gauge fell to a near four-year low after President Trump expressed indifference to its weakening.
• A weaker dollar makes commodities like oil more attractive to international buyers.
• Trump reiterated threats against Iran, mentioning a "large armada" moving towards the Middle East.

Why It Matters: Oil prices are elevated due to geopolitical risks with Iran and a depreciating US dollar.