Iran's Deputy Foreign Minister for Legal and International Affairs Gharibabadi says our first condition for a ceasefire is no further aggression, also says countries like China, Russia and France have reached out to Iran about stopping the fighting

Iran's Deputy Foreign Minister for Legal and International Affairs Gharibabadi says our first condition for a ceasefire is no further aggression, also says countries like China, Russia and France have reached out to Iran about stopping the fighting.

The statement from Iran's Deputy Foreign Minister highlights an ultimatum for a ceasefire amid ongoing conflicts, indicating a potential for diplomatic negotiations driven by major powers like China, Russia, and France. This could lead to decreased geopolitical tensions, which typically support risk assets and may ease pressure on commodities such as oil and gold. Conversely, any perceived escalation could heighten market volatility, particularly in energy markets and safe-haven assets.