Iran Foreign Minister in Call with Turkish Foreign Minister says Iran accepted the ceasefire as a basis for a complete end of the war; Iran agreed to the ceasefire based on its ten point plan as a basis for talks with the US
- If there is seriousness from the US side, it will be possible to achieve an end to the war and establish lasting stability and security.
Context
The recent communication between Iran and Turkey signaling acceptance of a ceasefire introduces a potential de-escalation in regional tensions, contingent on US engagement. This development could bolster market sentiment, particularly for risk assets, while influencing commodities like crude oil and gold as stability may affect supply concerns and inflation outlooks.
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