[MARKET UPDATE] Crude prices paired back losses seen from the Iranian receipt of the Pakistani proposal, with Iran suggesting it will not accept deadlines or pressure to make decisions

The recent shift in crude prices reflects Iran's strong stance against external pressures regarding its engagement with Pakistan.

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Iran and US presented with draft proposal that includes 45-day ceasefire, Strait of Hormuz opening, two officials tell AP

[DESK UPDATE] Easter Schedule: Given the ongoing Middle East conflict, the desk will operate as usual on Monday (April 6th).

[MARKET UPDATE] Crude prices paired back losses seen from the Iranian receipt of the Pakistani proposal, with Iran suggesting it will not accept deadlines or pressure to make decisions

Iranian Foreign Minister says if the US goes ahead with threats to attack Iran's infrastructure, then it will undoubtedly be met with a decisive and all-round response from the armed forces of Iran, SNN reports

BoJ Nagoya branch manager says some firms in the region are worried about FX volatility, uncertainty over Middle East conflict could hurt the economy

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This rhetoric suggests a potential for market volatility as geopolitical tensions can impact supply concerns and pricing dynamics in the energy sector.

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