"On the news that the US and Iran have received a peace proposal from Pakistan, a White House official says it's "one of many ideas" but Trump has not signed off on anything", via CBS' Jacobs
The White House's assessment of the US-Iran peace proposal suggests a cautious stance, emphasizing that it remains unofficial and unsanctioned by Trump.
[DESK UPDATE] Easter Schedule: Given the ongoing Middle East conflict, the desk will operate as usual on Easter Monday (April 6th)
Israel's natural gas flows to Egypt have returned back to levels seen since before the Iranian war started, according to Bloomberg citing sources
"On the news that the US and Iran have received a peace proposal from Pakistan, a White House official says it's "one of many ideas" but Trump has not signed off on anything", via CBS' Jacobs
A gas facility was reportedly attacked in the city of Shiraz, Iran, according to N12 News
Mobin and Damavand companies, which supplied electricity, water and oxygen to Assaluyeh petrochemicals, have been targeted; Pars Petrochemical is healthy and there has been no damage to this company.
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This uncertainty could maintain volatility in related assets like oil and FX, as markets will be closely watching for further developments. The lack of commitment might also sustain geopolitical risk premiums in equities and commodities until a clearer stance emerges.
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