US President Trump says the Iran ceasefire is still on and that the US is negotiating with the Iranians; Pakistan asked the US not to do Project Freedom during the negotiations

The continuation of the ceasefire between the U.S. and Iran suggests a potential easing of tensions in the region, which could have a stabilizing effect on oil prices. Trump's comments on not needing export curbs likely signal confidence in domestic supply, potentially impacting the energy markets by reducing fears of shortages. Traders should monitor the geopolitical landscape as any developments could lead to shifts in risk sentiment and influence currency valuations, particularly the USD against major pairs.