Iran is expected to deliver its response to a USD 15-point plan for a potential cease-fire by the end of Friday, WSJ reports, citing mediators; While some progress has been made, Iranian officials are expected to reject several of the US demands

Iran's forthcoming response to the cease-fire proposal reflects the ongoing geopolitical tensions and could impact market sentiment, particularly in energy and commodities. A rejection of U.S. demands may lead to increased instability in the region, affecting oil prices and potentially strengthening safe-haven currencies like the JPY and CHF. Traders should remain vigilant for market reactions as tensions evolve, particularly in the WTI and broader commodity markets.