US President Trump plans to request USD 98bln in supplemental funds for Iran war and more, Politico reports

President Trump's request for supplemental funds regarding military actions in Iran could heighten geopolitical tensions, potentially impacting risk sentiment across diverse asset classes. Such funding initiatives may lead to increased volatility in oil and currency markets, particularly if they influence U.S. foreign policy and spark reactions from Iran and its allies. Traders should closely monitor the developments for shifts in market sentiment, particularly in commodities and safe-haven assets like gold.