US President Trump is approaching a crucial crossroads in the Iran war, with senior US and Israeli officials claiming he has only two realistic options; promoting a new 10-day ceasefire to reopen the Strait of Hormuz, or launching a full-scale war

The situation presents a significant geopolitical risk, as President Trump's decisions regarding the Iran conflict could lead to sharp movements in energy prices, particularly crude oil, and impact currency markets, notably the USD. A ceasefire might stabilize markets while full-scale war could spike volatility and elevate the demand for safe havens like gold. Traders should monitor asset reactions closely as the landscape evolves, particularly in equities and commodities.