The dollar's recent appreciation on the Israel-Iran conflict is likely mainly due to the oil-price rally as opposed to its safe-haven role, Commerzbank's Thu Lan Nguyen said in a note. "The dollar benefits from a rise in oil prices,

Israel-Iran conflict is troublesome for India’s macroeconomic position as the country is a net importer of fuel. But oil producers could still benefit. And Oil India seems to be on a better footing than ONGC to take advantage of rising crude prices.

Oil prices are leaping, and stocks are falling Friday on worries that Israel’s attack on Iranian nuclear and military targets could escalate further and damage the flow of crude around the world, along with the global economy.

Oil prices are rising and stocks are falling on worries that Israel's attack on Iranian nuclear sites could damage flow of crude around the world.