CBS' Jacobs reports "White House officials are cautiously hopeful that the latest negotiations with Iran are making progress, sources familiar"
- Source adds "Pakistan has direct contact with Iran's security establishment that controls the country, not just the foreign ministry"
Context
The report on cautious optimism from the White House regarding negotiations with Iran could imply a potential thaw in relations, which may impact oil prices and broader geopolitical risk sentiment. If progress is perceived as substantial, we could see a stronger USD as markets adjust to a more stable energy landscape, while commodities like WTI and gold may react negatively.
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