The White House is weighing a last-ditch Iranian offer to engage in diplomacy over curbing its nuclear programme even as President Trump currently leans toward authorising fresh military strikes on Iran, WSJ reports citing officials

• Vance leading effort by some aides to persuade Trump to engage in negotiations with Tehran.

This headline indicates a potential escalation in US-Iran tensions, with military action still on the table while diplomacy is being considered. The situation is complex, as pursuing dialogue could introduce volatility in energy markets and impact currencies, particularly the USD, as traders assess the geopolitical risk and its implications for global stability.