Israel and Iran secretly reassured each other via a Russian intermediary they would not attack each other, according to Washington Post

The reported secret assurances between Israel and Iran, mediated by Russia, suggest a potential de-escalation of tensions that could impact market sentiment towards regional stability.

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Israel and Iran secretly reassured each other via a Russian intermediary they would not attack each other, according to Washington Post

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Context

This outcome may stabilize geopolitical risk premiums in commodities like oil and gold, while providing the USD, JPY, and EUR with a more favorable backdrop amid reduced flight-to-safety pressures. However, traders should stay alert to any developments that could rapidly shift this dynamic.

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