A US media report indicates that a memorandum has been drafted to potentially end the ongoing conflict, coinciding with former President Trump's decision to pause military operations aimed at securing the strait. This development could influence risk appetite in financial markets, as it may signal a de-escalation of geopolitical tensions. Assets most exposed include defense stocks and commodities linked to military operations, which could see volatility based on perceptions of conflict resolution. Traders will be particularly attentive to any official statements or actions from the Biden administration regarding military strategy and foreign policy, as these could further clarify the situation.
US media report points to memorandum to end war after Trump pauses mission to open strait
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