Egypt's foreign minister says a direct meeting between Iran and the US could be 'the last opportunity to avoid a fully fledged escalation in the region'

This statement from Egypt's foreign minister suggests rising tensions in the region, indicating that a direct US-Iran meeting could be crucial in preventing further escalation. Such developments could impact energy markets, particularly WTI prices, as any deterioration in relations may heighten supply risks. Traders should monitor both diplomatic movements and potential market reactions, particularly in commodities and safe-havens.