CNN sources say US President Trump is considering a new large-scale strike on Iran as no progress has been made in nuclear talks, although he has not yet made a final decision on a new major military strike against Iran

• Trump's military options include airstrikes and targeting of Iranian leaders and security officials.

The report of President Trump's consideration of large-scale military action against Iran could introduce significant volatility across multiple asset classes, particularly oil and equities. If tensions escalate without diplomatic progress, we might see a risk-off sentiment driving investors toward safe havens like gold while affecting USD and JPY. This situation holds the potential for a broader market reaction, so keep an eye on geopolitical developments and their timing.