Israeli PM Netanyahu urged US President Trump in a call on Sunday not to go for a ceasefire at the moment and expressed concern about the risks of such a move, according to Axios citing an official

This development suggests a persistent tension in U.S.-Middle East relations, particularly concerning Iran, which could impact oil prices and broader market sentiment. The U.S. refusing to back a ceasefire implies potential prolonged conflict, likely to be viewed negatively by markets focused on stability, raising risks for equities and commodities like oil and gold. Keep an eye on how these geopolitical tensions affect currency movements, especially in currencies linked to these regions.