Iranian Foreign Ministry spokesperson says for now, extending the ceasefire has not been approved

Context

The Iranian Foreign Ministry's spokesperson indicating that the extension of the ceasefire has not been approved introduces uncertainty into the current geopolitical landscape. This may raise tensions, particularly affecting regional dynamics and influencing oil prices and risk sentiment in the markets. Traders should watch for potential market reactions, especially in commodities and safe-haven assets, as any escalatory measures may further exacerbate volatility.

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