Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 23rd of March. Here is what to look out for today.

Sentiment
President Trump, under pressure to bring down soaring oil prices, said Iran must “fully open, without threat,” the vital waterway for energy flows. He gave the Islamic Republic 48 hours “from this exact point in time,” in a Truth Social post sent at 7:44 p.m. New York time on Saturday. Iran countered that – if its power facilities are attacked – it would close the Strait of Hormuz “completely,” state TV reported Sunday, citing a statement from army command. Oil fluctuated after an initial small gain, as investors assessed President Donald Trump’s ultimatum to Iran to reopen the Strait of Hormuz and Tehran’s threat of more reprisals in the Middle East war. Japan’s top currency official said the government will take all possible steps to respond to foreign exchange moves as needed, sending a fresh warning to speculators as the yen remains under pressure amid tensions in the Middle East.