Axios re-runs N12 Story; President Trump reject's Irans offer; Trump intends to keep the naval blockade on Iran in place until the regime agrees to a deal that addresses U.S. concerns about its nuclear program.

President Trump's firm stance on maintaining the naval blockade against Iran signals ongoing tensions regarding the country's nuclear program. This could elevate geopolitical risk and lead to increased volatility in energy markets, particularly crude oil prices, while also impacting safe-haven assets like gold. Traders should consider how such developments might affect currency pairs linked to risk sentiment, particularly in forex markets where the USD may strengthen against the JPY and EUR.