Pakistan PM says diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily; requests US President Trump to extend Iran deadline for two weeks
The comments from Pakistan's PM indicate a push for diplomatic efforts to address the ongoing conflict in the Middle East, with the proposal for a two-week extension signaling a potential window for negotiations.
Sirens sounded in Bahrain, Interior Ministry says
[MARKET UPDATE]: As Pakistan PM requests Trump to continue Iran deadline for two weeks, seen broad risk-on trade as oil and spot gold jumps, T-Notes see upside, while oil tumbles and Dollar weakens
Pakistan PM says diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily; requests US President Trump to extend Iran deadline for two weeks
TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 1+ TICK HIGHER AT 110-27
US FX WRAP: Dollar marginally lower as markets remain tentative ahead of Trump deadline tonight
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- Requests Iranian brothers to open Strait of Hormuz for a corresponding period of two weeks as goodwill gesture.
- Urge all warring parties to observe a ceasefire everywhere for two weeks to allow diplomacy to achieve conclusive termination of the Iran war.
Full post: Diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily, strongly and powerfully with the potential to lead to substantive results in near future. To allow diplomacy to run its course, I earnestly request President Trump to extend the deadline for two weeks. Pakistan, in all sincerity, requests the Iranian brothers to open Strait of Hormuz for a corresponding period of two weeks as a goodwill gesture. We also urge all warring parties to observe a ceasefire everywhere for two weeks to allow diplomacy to achieve conclusive termination of war, in the interest of long-term peace and stability in the region.
Market participants may interpret this as a stabilizing force, which could positively influence risk sentiment, particularly in energy markets given the Strait of Hormuz's significance for oil trade. Nevertheless, the effectiveness of such diplomatic overtures will depend on the willingness of involved parties to observe a ceasefire.
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