Trump holds a meeting in the White House Situation Room to discuss the possibility of implementing a new round of large-scale strikes on Iran. Citing three sources with knowledge of the matter, AXIOS says the meeting focused on expanding military operations against Iran, whose scope could exceed the current scale of strikes around the Strait of Hormuz.

Market attention is centered on the following: if the U.S. further escalates the conflict, Iran-related developments could again drive safe-haven sentiment and cause a temporary impact on crude oil, shipping, and geopolitical-risk assets. At present, the situation still remains at the discussion stage and has not yet formed a clear, executable plan, but the market needs to be alert to volatility stemming from subsequent statements.
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