The US updated Israel on plans to break the naval blockade in Hormuz and raised concerns that the Iranians will attack ships or countries in the Gulf, a move that according to senior Israeli officials could lead Trump to resume the war, via Kann News

This update suggests escalating tensions in the Gulf, specifically regarding potential Iranian actions against maritime interests. Such geopolitical risks typically support safe-haven assets like gold and the USD while exerting pressure on oil prices, particularly WTI. Investors should be cautious, as any sign of military action could prompt volatility across equities and currencies tied to the region.