Lebanese and Israeli ambassadors to Washington, along with the US ambassador to Beirut, are expected to hold a phone call, according to an official source cited by Al-Araby

The upcoming call among ambassadors signals a potential shift in tensions between Lebanon and Israel, as the Lebanese ambassador seeks a ceasefire to open channels for negotiation. This could de-escalate existing conflict, which might support risk assets and lead to shifts in commodities like oil and gold, affecting the broader market sentiment. Traders should watch the reaction in the FX markets, particularly in JPY and USD, as geopolitical developments often drive fluctuations in safe-haven currencies.