The dollar index was little moved at 98.82 ​and remained on track for a weekly gain of 0.58%

The U.S. ​dollar was on track for its first weekly gain in three weeks on Friday, as stalled peace negotiations between Iran and the U.S. dampened hopes for an immediate easing of Middle East tensions.

Iran showed off its control over the Strait of Hormuz by releasing footage of its commandos storming a huge cargo ship, leaving the timing of the reopening of the world’s most important shipping corridor uncertain and keeping ​oil prices higher.

The dollar index was little moved at 98.82 ​and remained on track for a weekly gain of 0.58%. The euro was flat at $1.1683, while sterling edged down 0.02% to $1.3464.

Oil ⁠and the dollar are still moving pretty closely together, and with crude creeping back up. I’d say the dollar is still staying fairly firm, said ​Sho Suzuki, a market analyst at Matsui Securities.

Brent crude futures added $1.23, or 1.17%, to $106.30 a barrel at 0107 GMT, while West Texas Intermediate futures were up $1.07, or ​1.12%, at $96.92.

The dollar has drawn safe-haven demand amid the uncertainty. It gained ground in March as concerns over the war deepened, but gave back some of those gains this month as optimism over a potential resolution grew.

Meanwhile, the yen was on track for a fifth straight day of losses against the dollar, weakening 0.03% to 159.77 per dollar.

In a similar vein, the European Central Bank is expected to hold its deposit rate on April 30 but hike it in June in a bid to protect a war-induced ⁠energy shock ​from knocking the euro zone economy off balance.