Israeli diplomatic sources estimate that the new Iranian outline does not meet the American threshold conditions and one source said estimated that there is a high chance that the US will launch an attack on Iran, ynet reports

This development indicates escalating tensions between the U.S. and Iran, as the failure to meet American conditions could lead to military action. Such geopolitical risks typically support safe-haven assets like gold and the yen, while potentially pressuring oil prices due to supply fears. The situation warrants close monitoring, as it could affect the broader risk sentiment across markets, impacting currencies and commodities alike.