Political signals took center stage as Iran hinted the possibility of reopening the Strait of Hormuz and extending the ceasefire if restrictions are lifted, eyeing a path toward easing tensions after the cancellation of talks in Islamabad. The proposal helped steady sentiment across markets, even as the conflict entered its ninth week and continued to disrupt energy flows.

Against this backdrop, EUR/USD climbed toward 1.1730 as the dollar softened, while gold moved back above $4,700 following its recent pullback. Brent crude eased toward $102 after nearing $104, reflecting shifting expectations around supply risks. 

Check out how the markets opened the week's first trading day!