Chances that US and Iran will bridge their differences and reach an agreement, or even a framework agreement, are very low to nonexistent, a senior Israeli diplomatic source told Al-Monitor.

The statement underscores ongoing tensions between the US and Iran, suggesting that the prospect of a diplomatic resolution is minimal. This aligns with a prevailing geopolitical risk, likely influencing perceptions in commodities like oil and gold, as well as currency movements—particularly the USD. Traders should remain cautious, as escalations in such conflicts can often lead to volatility in related asset classes.