Iran's permanent ambassador to the UN says Iran categorically rejects any temporary ceasefire, while he stated that any solution to the end of the conflict must guarantee a definitive and irreversible anti-aggression and establish a just and lasting peace

Context

Iran's firm rejection of a temporary ceasefire underscores escalating tensions in the region, which could amplify risks for global energy supplies and geopolitics. This stance might pressure oil prices upward as conflict uncertainty heightens, affecting currencies tied to energy exports and potentially shifting market sentiment towards safe-haven assets like gold. Traders should be mindful of how this could influence the USD, JPY, and commodity markets in the upcoming sessions.

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