US President Trump held a call with Kurdish leaders in Iraq on Sunday to discuss the US-Israel war with Iran and what might come next, according to three sources with knowledge of the calls cited by Axios

President Trump's dialogue with Kurdish leaders regarding the US-Israel conflict and Iran reflects a significant geopolitical maneuver that could influence market sentiment. Potential escalations in tensions might drive risk aversion in equities and boost safe-haven assets like gold, while geopolitical dynamics could also affect oil prices given the region's strategic importance. Traders should keep an eye on sectors sensitive to these developments, especially energy and currencies like the USD and JPY.