Sen. Lindsey Graham, a well-known Iran hawk, told reporters Thursday morning that he is “confident” the US will not extend its ceasefire with Iran beyond next week’s deadline, after speaking with President Donald Trump last night, via CNN

Sen. Lindsey Graham's confidence that the US will not extend its ceasefire with Iran could elevate geopolitical tensions, likely impacting oil prices and safe-haven assets like gold. This stance aligns with a more hawkish view, potentially affecting market sentiment across forex and equities as investors reassess risk in light of possible escalations. Keep an eye on commodities, particularly WTI, as heightened tensions could drive prices up.