Tensions between Iran and the United States escalated when Tehran rejected a temporary ceasefire proposal, setting preconditions for future talks on a lasting peace agreement. This rejection followed reports of significant strikes on Iranian infrastructure, including Kharg Island and the Kashan railway bridge. The situation has impacted market sentiment, leading to a flat performance in major currencies, while oil prices are climbing as optimism wanes. Economic indicators from the Eurozone reflect a mixed outlook, with the final services Purchasing Managers' Index (PMI) data showing signs of weakness amid surging prices. The Eurozone's March final services PMI stood at 50.2, slightly above the preliminary estimate, while Germany's and France's figures showed declines. As the US approaches a critical deadline, market observers remain cautious about further developments in the US-Iran negotiations.