Iranian representatives have communicated to the Trump administration a high bar for re-entering ceasefire negotiations, according to people familiar with the matter cited by WSJ/Dow Jones

The Iranian representatives setting a high bar for ceasefire negotiations could signal escalating tensions, potentially impacting risk sentiment across markets. Observers should monitor how this may influence safe-haven currencies like USD and JPY, and commodities such as WTI, as uncertainty typically heightens volatility in these assets.