The Bloomberg Dollar Spot Index rose 0.2% Thursday, the most since July 23, following three days of declines. Brent rallied after a reported deal that would prohibit the passage of vessels belonging to the US, Israel and other hostile countries through the Strait of Hormuz. Higher energy costs have sparked inflation concerns that could prompt the Federal Reserve to deliver an interest-rate hike in September. Yields on US Treasuries also rose.
