A senior US official said the US-Iran meeting on Friday will focus on trying to reach a "package deal" that would prevent war with Iran; Trump admin hopes the Iranians will come to the summit ready to make significant compromises, Axios reports

Newsquawk Staff · 2 Feb 2026, 18:01 UTC

A senior US official said the US-Iran meeting on Friday will focus on trying to reach a "package deal" that would prevent war with Iran; Trump admin hopes the Iranians will come to the summit ready to make significant compromises, Axios reports.

What it means

The news that the US and Iran are set to discuss a "package deal" intended to prevent war suggests a potential thaw in tensions, which could reduce risk premiums across various assets. If successful, this could strengthen the US dollar while pressuring commodities like oil, as the prospect of conflict lessens supply concerns. Traders should watch for market reactions across equities and energy prices as developments unfold.

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Iranian President Pezeshkian says the Supreme Leader has granted the government some authority on dialogue, ISNA reports.
EUR/USD+0.1%
ECB policymakers see a December rate hike followed by a pause; New ECB staff estimates show the rise in bond yields cutting growth by a cumulative 100bps and inflation by 90bps in 2027-28 vs the September baseline, according to reports, citing sources.
EUR/USD−0.1%
ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
EUR/USD+0.1%

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