US President Trump and his advisers are weighing resuming limited strikes in Iran, in addition to the US blockade, to break the stalemate in peace talks, according to WSJ citing officials and people familiar with the situation
The consideration of resuming limited strikes in Iran by the Trump administration suggests a potential escalation in Middle East tensions, which could undermine stability in oil markets and influence safe-haven assets like gold and the USD.
New Zealand Services NZ PSI (Mar) 46.0 (Prev. 48, Rev. 47.6)
Sirens sound in Kiryat Shmona, Northern Israel, according to SNN, while Tasnim also reports that Hezbollah is conducting missile attacks on Israeli towns
US President Trump and his advisers are weighing resuming limited strikes in Iran, in addition to the US blockade, to break the stalemate in peace talks, according to WSJ citing officials and people familiar with the situation
[MARKET UPDATE] US equity futures drop around 1% at the reopen and oil futures are up by around 7%, while spot gold declined 1.7%, following failed US-Iran negotiations in Pakistan and with US President Trump announcing a blockade in the Strait of Hormuz
Iran's Foreign Minister posts "In intensive talks at highest level in 47 years, Iran engaged with U.S in good faith to end war. But when just inches away from "Islamabad MoU", we encountered maximalism, shifting goalposts, and blockade"
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- However, it was also reported that Trump is said to remain open to a diplomatic solution.
However, Trump's openness to diplomatic solutions may temper immediate market reactions, indicating a complex scenario for traders across risk assets and commodities.
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