Francis Kim writes article about oil-related impacts on U.S. dollar

In Korea JoongAng Daily, Furman University Associate Professor of Finance Francis Kim offers a historical backdrop for changes in the dollar index and rising oil prices following the U.S.-Israel strikes on Iran. Kim, a regular contributor to JoongAng Daily, traces oil-related volatility for the U.S. dollar from the 1970s, through the 1980s, the dot-com bubble, the 2008 financial crisis, U.S. Fed tightening measures in 2022, and to present day. He writes, “U.S. airstrikes on Iran have pushed oil prices above $100 per barrel, while the dollar index hovers around 100. With global financial stress rising rapidly, the risk of a liquidity crunch is increasing.”