US President Trump tells ABC that the retaliatory strikes against Iranian targets are just a 'love tap' and the ceasefire continues to be in effect

President Trump's characterization of the Iranian strikes as a 'love tap' suggests a lower immediate risk of escalation in tensions, which may provide some relief for risk-sensitive assets and the USD.

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US President Trump posts that there was no damage done to the three US destroyers that came under fire; states that Iran is led by lunatics and that the US will knock out Iran more violently if no deal is signed fast

CoreWeave (CRWV) guides Q2 revenue between USD 2.45-2.60bln (exp. 2.70bln)

US President Trump tells ABC that the retaliatory strikes against Iranian targets are just a 'love tap' and the ceasefire continues to be in effect

The situation on Iranian islands and coastal cities by the Strait of Hormuz is back to normal, according to Press TV

Further explosions heard in Sirik, Bandar Abbas, Mehr News reports

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The continued ceasefire could stabilize markets, limiting volatility in equities and commodities like oil and gold, but geopolitical dynamics will still warrant close monitoring in the coming sessions.

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