Iran is expected to submit a revised peace proposal soon, CNN reports citing sources; Pakistan mediators expect to receive a revised proposal from Iran in the next few days to end the war
- Iranian Foreign Minister Araghchi is due back in Tehran today and is expected to consult with regime leaders. Sources say the process is slow, due to difficulty communicating with the Supreme Leader, as his location is a secret.
- Sources say the process is ongoing and fluid, much will depend on whether Iran returns with a revised proposal that is more acceptable for the US.
Context
The report of Iran preparing a revised peace proposal signals potential shifts in diplomatic relations and the approach to ongoing conflicts. If the proposal is seen as more favorable by the U.S., it could lead to easing tensions, impacting various assets including currencies and commodities, especially oil and gold. Traders should watch for market reactions as developments unfold, particularly in safe-haven assets and energy markets.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#EUROPE#SUPREME LEADER#FOREIGN MINISTER#GEOPOLITICAL#IMPORTANT#FOREX#ENERGY#METALS#EU SESSION#US SESSION#WTI#COMMODITIES#GOLD#METALS & MINING#MATERIALS (GROUP)#DXY