US, Iran and a group of regional mediators are discussing the terms for a potential 45-day ceasefire that could lead to a permanent end to the war, according to four US, Israeli and regional sources with knowledge of the talks, cited by Axios

The potential 45-day ceasefire talks between the US, Iran, and regional mediators signify a critical moment in the geopolitical landscape that could de-escalate tensions in the region. If successful, this could impact energy prices and currencies, particularly commodities like oil and safe-haven assets such as gold, as market participants adjust their expectations for conflict-related disruptions.