Trump administration officials has begun warning countries that U.S. weapons supplies to Ukraine may be interrupted in the coming months as the Pentagon prioritizes their use for the war in Iran, via Politico

The warning from Trump's administration about potential interruptions in U.S. weapons supplies to Ukraine suggests a shift in military focus that could destabilize the current geopolitical landscape. This escalation of tensions could drive a flight to safety in markets, particularly impacting assets like gold and the Japanese yen, while possibly weighing on equities. Additionally, energy markets may react as any renewed conflict perceptions could heighten supply concerns, especially if linked to Iran.