Iran’s Foreign Minister Araghchi says Iran is open to diplomacy in case the US drops its excessive demands and stops using the language of threats against the country, Press TV reports

Iran's Foreign Minister Araghchi expressing openness to diplomacy with the U.S. signals a potential shift towards reducing tensions, contingent upon the U.S. lowering its demands and ceasing threats. This could ease geopolitical pressures, positively impacting oil prices and safe-haven assets like gold, while influencing USD flows against major currencies. The market will likely assess this development for its implications on energy prices and broader risk sentiment.