Iranian and Saudi Foreign Ministers held a phone call on the latest developments related to the current diplomatic processes between Iran and the US with the mediation of Pakistan, IRIB reports

The recent phone call between Iranian and Saudi Foreign Ministers signals ongoing diplomatic engagement concerning Iran's relations with the US, mediated by Pakistan.

Newsquawk StaffPublished 11 May 2026, 11:11 UTCOn the live feed at 10:51 UTC — 3 more headlines followed before this page went public

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11:01

Constellation Energy (CEG) Q1 2026 (USD): EPS 2.74 (exp. 2.54), Revenue 11.1bln (exp. 8.46bln)

10:53

Pakistani Foreign Minister expressed hope that ongoing diplomatic efforts would contribute to peace and stability in the region, Pakistani journalist Mallick reports

10:51

Iranian and Saudi Foreign Ministers held a phone call on the latest developments related to the current diplomatic processes between Iran and the US with the mediation of Pakistan, IRIB reports

10:49

Times Cole reports UK Labour MP West will send a letter to MPs today, but will not state her candidacy. Instead, she will canvas support for a timetable for PM Starmer to stand down and allow a transition.

10:41

Iran’s oil minister says the oil sector has faced issues since the US blockade, but prepared countermeasures are still being implemented, state TV reports

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Context

This could indicate a potential easing of tensions in the region, which historically impacts oil markets; a de-escalation might support WTI prices, while escalating tensions could drive them higher. Traders should watch for any actionable developments that could shift market sentiment or supply outlooks.

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