Pakistan and Egypt are facilitating communications between Iran and the US, with Trump envoys Witkoff and Kushner in Iran negotiations, according to a source cited by CNN

The involvement of Pakistan and Egypt in facilitating communications between Iran and the US indicates a potential thaw in relations, which could have significant implications for global markets. A successful negotiation could lead to easing sanctions, positively impacting oil prices and geopolitical risk sentiment, affecting USD and commodities like gold. However, the lasting impact will depend on the outcomes of these discussions and market perceptions of their credibility.