US Pentagon seeks more than USD 200bln in budget requests for Iran war, according to Washington Post

The Pentagon's significant budget request of over USD 200 billion for efforts related to Iran could signal heightened military engagement and tensions in the region. This escalation may impact risk sentiment across assets, with potential safe-haven flows into gold and the USD, while also influencing energy prices given Iran's role in global oil supply. Traders should monitor related currency movements, particularly in the EUR and JPY, as geopolitical risks often drive volatility in forex markets.