Gas prices continue to fall despite escalating tensions in the Middle East

• Gas prices set a new three-year low.

• The DXY index is stabilizing above key support during the US holiday season

Gas (XNG/USD) is trading around $1.62 after Iran accused Israel of blowing up one of its key gas pipelines last week. The New York Times reported that Iran has evidence that Israel was behind the attack. Meanwhile, Israel is increasing pressure on the Gaza Strip and Hamas by demanding the final release of hostages before the Shabbat holiday in the next two weeks, or else it will launch a large-scale ground attack. other big.

Meanwhile, the DXY Index is trading steady at the key support level of 104.00 as US markets are closed this Monday due to the holiday. Traders will focus more on the Fed's January meeting minutes released on Wednesday and US PMI data on Thursday.