US President Trump's advisors urged him to find an Iran exit ramp, fearing political backlash, according to WSJ

The reports regarding Trump's advisors urging him to seek an exit from Iran suggest heightened political sensitivity surrounding foreign policy, which could impact market sentiment. If this leads to a significant change in U.S. engagement with Iran, we might see volatility in oil prices, risk assets, and currencies sensitive to geopolitical developments. Overall, this could create a supportive environment for safe havens like gold, while potentially offloading pressure on commodity-linked currencies.