Geopolitical tensions in the Middle East are back in the market spotlight as US President Donald Trump is reportedly considering resuming military action against Iran after meeting with Chinese President Xi Jinping.
In a similar development, Israeli Prime Minister Benjamin Netanyahu announced that he had held talks with Trump on Sunday to discuss the current situation involving Iran as well as several other developments that could potentially affect the region.
Netanyahu also hinted that Israel is preparing for any eventuality following the escalating tensions.
The statement came as international media reports claimed that Washington was increasingly frustrated with Iran's approach, which is seen to continue to delay negotiations on the nuclear issue and the closure of the Strait of Hormuz.
A Fox News report revealed that regional intelligence assessments believe Trump may consider new military action against Tehran if Iran continues to reject US demands to stop its nuclear weapons aspirations.
According to regional intelligence officials, Iran is believed to be using a delaying strategy to delay the development of the conflict.
Tehran is said to be trying to buy at least another two weeks in the hope that the political situation and military operations will make it more difficult for the US to resume the war campaign.
The situation has once again raised global market concerns about the risk of a larger conflict in the Middle East, especially involving the world's main oil trade route in the Strait of Hormuz.
