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. 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.