US White House confirms that President Trump has extended the Iran ceasefire for 3-5 days, Fox reports

Context

The extension of the Iran ceasefire by President Trump indicates a temporary easing of geopolitical tensions in the region, which could support increased stability in oil prices and broader markets. The impact on risk assets like equities may be positive, while forex markets could respond variably depending on how this is perceived relative to existing USD and commodity positions. Traders should monitor how this develops, as extended ceasefires often impact sentiment across asset classes.

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