Iran's Foreign Minister Araghchi says his last contact with US envoy Witkoff was before the American attack on Iran

The statement from Iran's Foreign Minister highlights a significant diplomatic strain, potentially escalating tensions in the region. The lack of recent communication with the U.S. envoy could lead to escalated rhetoric or actions, impacting global markets, especially oil and gold. Traders should watch for volatility in commodities and safe-haven currencies like the JPY and CHF as this situation evolves.