Senior Gulf official says allies completely in dark on Trump's plans and "we have no idea what Trump is thinking", Politico reports

This headline highlights uncertainty regarding U.S.

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Rockets target US diplomatic facility near Bagdad International Airport and smoke was seen rising, according to Reuters citing security sources

Senior Iranian official says Iran is ready both for peace and war, Reuters reports

Senior Gulf official says allies completely in dark on Trump's plans and "we have no idea what Trump is thinking", Politico reports

US President Trump to Fox News on negotiations says, "I can't comment, because right now we're in heated negotiations"; says about to be briefed on Pakistan proposal

[MARKET UPDATE]: Risk-on trade seen with notable upside in US equity futures and spot gold, while oil dumps and Dollar sold as Tehran "positively reviewing Pakistan's request for a two-week ceasefire" and Trump is aware and a response will come

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Context

foreign policy under Trump, particularly among allies. Such ambiguity can weigh on market sentiment, influencing safe-haven flows into currencies like the JPY or CHF and possibly leading to volatility in equities and commodities. Traders might be watching for any further developments that could clarify or escalate geopolitical risks.

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