US President Trump is unlikely to accept Iran's plan, according to CNN citing sources; reopening the strait without resolving the nuclear issues could remove a key piece of US leverage

The report on President Trump's stance regarding Iran's plan signals potential for escalating tensions, which could affect energy markets, particularly oil prices as the Strait of Hormuz is a critical chokepoint. If the U.S. fails to leverage this situation to negotiate on nuclear issues, it may weaken their strategic position and exacerbate geopolitical risk, influencing both equities and safe-haven asset flows like gold.