Fox News cited sources that stated US President Trump's decision not to resume strikes on Iran for now is a last chance for peace that Trump is giving to the Iranian people, but added the ceasefire will be short-term unless an agreement is reached shortly

The news that President Trump is pausing strikes on Iran signals a potential for temporary peace but highlights the fragility of the situation, suggesting any ceasefire may not last without a concrete agreement. This development could impact safe-haven assets like gold and JPY, while also influencing energy prices if tension continues or escalates. Traders should monitor risk sentiment and any shifts in currency flows closely as the market digests this information.