Head of the Iranian interests section in Cairo says no positive results have yet been seen from mediators’ efforts to end the war, RIA Novosti reports cited by Sky News Arabia

The statement from the Iranian interests section in Cairo highlights the lack of progress in mediation efforts to resolve ongoing conflicts, which could signify prolonged instability in the region. This uncertainty might weigh on risk assets and boost demand for safe-haven assets like gold or the USD. Traders should monitor the geopolitical landscape closely as further developments may impact market sentiment and volatility.