US President Trump is reportedly pushed back against Iran's demands for war reparations, as the administration views this to be implications of defeat, AP reports citing sources familiar

This report indicates a potential escalation in U.S.-Iran tensions, with President Trump's resistance to Iran's demands for war reparations hinting at a hardline stance that could complicate diplomatic efforts. The announcement of Pakistan facilitating an MoU suggests attempts at dialogue remain, but the administration's reluctance signals that any compromise may be fraught with challenges. Consequently, expect heightened volatility in oil and related currency markets, especially among haven assets like gold and the USD.