An Israeli source told i24NEWS that even at this stage, the assessment in Israel is that there will be no breakthrough in the negotiations between the US and Iran

The statement from an Israeli source indicating a lack of progress in US-Iran negotiations is likely to heighten geopolitical tensions, particularly in the Middle East. This could lead to increased volatility in oil and metals markets, as traders react to the potential for supply disruptions. Additionally, the uncertainty may impact forex dynamics, particularly concerning commodity-linked currencies like the JPY and AUD, as well as safe-haven assets such as gold.