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.
WSJ's Norman says "There is no way Iran and the US are going to resolve the issues around Hormuz, nuclear, missiles etc in the next 2 weeks. But it doesn't need to happen. What needs to happen is enough to trigger mutually agreed extension of talks"
The army is preparing for the possibility of the collapse of talks between Washington and Tehran and the resumption of attacks, according to Al Jazeera citing Israeli Broadcasting Authority
US President Trump plans to request USD 98bln in supplemental funds for Iran war and more, Politico reports
White House officials says doubts prevail in the White House and now Trump believes that opening the Strait of Hormuz is unlikely anytime soon, according to Al Jazeera citing Reuters
US Monthly Budget Statement (Mar) -164.0B vs. Exp. -156.75B (Prev. -308B)
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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.
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