TRUMP: WE HAVE BEEN ASKED TO HOLD OUR ATTACK ON COUNTRY OF IRAN

President Trump stated that the U.S. has been asked to hold off on an attack against Iran, signaling a potential de-escalation in tensions between the two countries. This shift in tone reduces immediate fears of military conflict, which had been driving risk-off sentiment and upward pressure on oil prices due to potential supply disruptions in the Strait of Hormuz. Markets with exposure to geopolitical risk, including Middle East equities, oil futures, and safe-haven assets like gold and Treasuries, are likely to reprice on diminished conflict expectations. Iranian asset proxies and regional markets may see short-covering rallies, while energy markets could see profit-taking in crude positions built on supply disruption risk. Traders will watch for official statements from Tehran and upcoming U.S. defense department briefings for signs of further de-escalation or renewed posturing.

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