US President Trump tells aides he's willing to end the war without reopening Hormuz, according to the Wall Street Journal

Trump's readiness to consider ending the conflict, without reopening the Strait of Hormuz, signals a potential de-escalation in geopolitical tensions, which could affect energy prices and overall market sentiment. The immediate implications may include short-term volatility in oil prices and shifts in risk appetite across equity and currency markets, particularly for oil-sensitive assets. Traders should monitor how this impacts the broader risk landscape and whether any sustained changes in commodity or currency valuations emerge.