Iran's Deputy Foreign Minister says Iran has not sent any messages to the US to end the conflict, but are instead focused on self defence efforts, according to Sky News Arabia

This statement by Iran's Deputy Foreign Minister underscores an escalation in the geopolitical tensions surrounding the U.S.-Iran relationship. With Iran emphasizing self-defense rather than communication for conflict resolution, expect heightened volatility in oil markets, particularly for WTI, as well as potential safe-haven demand for gold. The implications for the USD and regional currencies like the JPY and GBP could be significant, depending on how this situation evolves.