Pakistan Army Chief held separate Calls with US VP Vance, Envoy Witkoff and Iran’s Araghchi, according to a source
The reported talks between Pakistan's Army Chief and key officials from the US and Iran signal a potential shift in Middle Eastern tensions, particularly concerning nuclear weapons and sanctions relief.
[MARKET UPDATE] DXY pares back the losses seen on Pakistan mediating between US and Iran; Oil futures hold onto losses while US equity futures hold onto gains
Spanish Unemployment Change (Mar) -22.9K vs. Exp. 10.3K (Prev. 3.584K)
Pakistan Army Chief held separate Calls with US VP Vance, Envoy Witkoff and Iran’s Araghchi, according to a source
BoJ Osaka officials report that earlier rate hikes have yet to have a substantial impact on corporate financing or overall business activity
BoJ Osaka branch manager says smaller firms' wage talks may be affected by the Middle East conflict but no firms have indicated the conflict has hindered wage increases
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- Proposal for final agreement includes Iran foregoing nuclear weapons, receiving relief from sanctions and release of frozen assets
- If agreed, plan will lead to immediate ceasefire, reopening of Strait of Hormuz, with a final agreement in 15-20 days
- Plan to end hostilities in Middle East needs to be agreed on Monday
A successful agreement could lead to a ceasefire and the reopening of critical shipping lanes like the Strait of Hormuz, which would have significant implications for oil supply and pricing in the global commodities market.
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