"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. 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.