Iraqi pro-Iranian military group Kata'ib Hezbollah extends pause on US embassy attacks by five days but warns of a response if attacked, according to AFP

The extension of the pause on attacks against the US embassy by Kata'ib Hezbollah may signal a temporary easing of tensions, potentially reducing immediate risk in the region.

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[MARKET UPDATE] Oil prices completely pared initial gains and trade with losses of more than 1% in early volatile trade following US-Iran threats and Trump's ultimatum, while sources over the weekend stated Iran decided to limit its attacks on Saudi

Iraqi pro-Iranian military group Kata'ib Hezbollah extends pause on US embassy attacks by five days but warns of a response if attacked, according to AFP

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However, their warning of a response if attacked indicates that the threat remains significant and could escalate quickly. Traders should be cautious in assessing how this interplay might affect oil prices and broader geopolitical risk assets.

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