Trump states Iran war to end 'fairly soon,' plays down prospects of new strikes
The war with Iran could end "fairly soon," while noting that Tehran was "talking very politely" with Washington, American President Donald Trump stated on Monday. Trump said in remarks to reporters in the White House Monday, following a meeting with Qatari Prime Minister Sheikh Mohammed…
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In today's geopolitical risk news, the war with Iran could end "fairly soon," while noting that Tehran was "talking very politely" with Washington, American President Donald Trump stated on Monday. Trump said in remarks to reporters in the White House Monday, following a meeting with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, that "We're seeing momentum toward the end of this conflict.
Geopolitical risk: the details
I think it is going to be ending fairly soon." "Iran militarily is effectively over," Trump noted, referring to the destruction of its navy and surging inflation that he noted has hollowed out its economy. The conflict, now in its ninth month, has driven a spike in fuel prices, hitting close to every sector of the global economy.
Why geopolitical risk matters for traders
Geopolitical shocks usually push investors toward safe havens such as gold, the US dollar, the Swiss franc and the Japanese yen, while risk assets and commodity-sensitive currencies can come under pressure.
Events that threaten supply routes or energy production can also lift oil prices, adding to inflation risks for central banks.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-10 07:01 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,715.85 | 0.70% | 75,568.18 | 73,750.00 |
| Ethereum (ETH) | 2,119.79 | 0.59% | 2,151.90 | 2,083.10 |
On the currency side, the latest ECB daily reference rates (2026-11-09) show AUD/USD 0.6894. These are reference fixes, not live quotes.
What to watch next for geopolitical risk
Markets will watch for official responses, any escalation or de-escalation, and moves in oil, gold and safe-haven currencies.
Key scheduled releases on the economic calendar:
- USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
- USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Breaking Market News, read Tariffs and trade: TSMC's October sales jump as global chip boom rolls on or see all of today's top market news.
FAQ
What is the latest geopolitical risk news?
The war with Iran could end "fairly soon," while noting that Tehran was "talking very politely" with Washington, American President Donald Trump stated on Monday.
How do geopolitical events affect markets?
Uncertainty tends to lift safe-haven assets like gold, the dollar and the yen, and can weigh on stocks and on currencies linked to risk appetite.
Where does this information come from?
This report is based on coverage from CNBC World, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
