U.S. President Donald Trump said in a Fox News interview on Sunday that he is deciding whether to “make a deal” with Iran or “finish it off,” adding that it is “getting to be decision time.” Qatari mediators visited Tehran on Sunday as Houthi attacks on Saudi Arabia continued over the weekend. The last confirmed U.S. strikes on Iran were on Sept. 1, and Trump had previously said strikes would not resume until after the Nov. 3 midterm elections. Trump named Pickaxe Mountain, a deeply buried site linked to Iran's nuclear program, as a potential target and repeated his claim that the U.S. controls the Strait of Hormuz, while Tehran says it is preparing a military response to any U.S. attacks. Senior officials from Saudi Arabia, Turkey and Pakistan are set to meet Iran's leadership in Tehran on Monday, the first meeting of their group since Houthi strikes on Saudi targets.
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IranDonald TrumpgeopoliticsStrait of Hormuzoil pricesgold
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/25/2026 | 4,010.98 |
| Change that session | +0.17% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/25/2026 | 3,999.80 |
| Change that session | +0.14% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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Brent crude is trading at $117 per barrel as tensions in the Persian Gulf continue. President Trump said he may “finish the job” and an attack could come tomorrow, while also suggesting Iran might make a deal. Iran denied an Al Arabiya report that it offered to reopen the Strait of Hormuz in exchange for lifting the naval blockade, saying its only position is its 7-point plan already delivered to Washington. Iran warned that any new war would strike all infrastructure, including civilian, in the Emirates and Israel. Former President Obama said Iran had no nuclear weapons and that Trump started an unnecessary war, pointing to attacks on allies and bases and depleted missile stockpiles after 7 months.
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