The US dollar weakens to a 10-day low after reports that the United States and Iran have reached a peace deal. Multiple outlets link the dollar’s move to a shift in market expectations related to US-Iran relations. Investors also respond to developments described as a halt to a US blockade of Iran and the potential reopening of the Strait of Hormuz. Alongside the currency move, oil prices fall sharply, which changes pricing for energy-sensitive assets and encourages a shift toward higher-risk investments. One report says oil declines boost “risk assets” as investors reposition portfolios. Other sources also describe broad gains versus the dollar in major currencies, including the euro and sterling, as the dollar loses ground. Analysts cited in one outlet expect the dollar to continue weakening in the days that follow, reflecting continued market reassessment of risk tied to the US-Iran agreement and regional trade and energy flows. Overall, the reports describe a coordinated reaction across FX and commodities markets following the appearance of news about the US-Iran deal.