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Trump administration expected to slash Iran war funding request, WaPo reports

The reported reduction in the Trump administration's funding request for Iran suggests a potential easing of tensions in the region, which could have significant implications for oil prices and broader geopolitical stability.

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  • The eventual ask likely to be USD 80-100bln, less than half an earlier proposal, sources said
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A lower funding ask may be perceived positively by markets, impacting risk sentiment and possibly strengthening the USD against safe-haven currencies like JPY and CHF. Keep an eye on energy prices, particularly WTI, as any signs of de-escalation in conflict could affect supply dynamics.

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