US President Trump has been briefed on a range of military and covert options against Iran, according to CBS News; however no final decision has been made and diplomatic channels remain open

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PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS

US President Trump has been briefed on a range of military and covert options against Iran, according to CBS News; however no final decision has been made and diplomatic channels remain open

China examines foreign ETF trades after Jane Street India probe, Bloomberg reports

PBoC is expected to set USD/CNY mid-point at 6.9734 (prev. 6.9849)

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Context

President's briefing on military options against Iran signals heightened tensions, but the emphasis on open diplomatic channels suggests that escalation may still be avoided. Markets could react with volatility, particularly in energy and safe-haven assets like gold, as traders assess the potential impact of this geopolitical situation. Keep an eye on crude oil prices and currencies sensitive to risk sentiment, such as the USD and JPY, for immediate price action.

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