US Senate Majority Leader Thune says it “remains to be seen” if the Senate could pass USD 200bln in funding for Iran war. Said Trump admin will have to show Congress how they want to use the money.

Senate Majority Leader Thune's comments about the funding for the Iran war indicate uncertainty regarding congressional support. This could signal potential volatility in oil prices and related commodities if funding discussions escalate or stall. Traders should keep an eye on how this sentiment might influence risk appetite across equities and currencies, especially in the USD and commodity markets.