Pakistani, Egyptian and Turkish mediators will continue talks with the US and Iran in the coming days, aiming to help close the gaps between US-Iran, Axios reports citing sources; all parties believe a deal is possible

Increased diplomatic activity involving Pakistan, Egypt, and Turkey to mediate between the US and Iran indicates a potential shift in the geopolitical landscape.

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Pakistani, Egyptian and Turkish mediators will continue talks with the US and Iran in the coming days, aiming to help close the gaps between US-Iran, Axios reports citing sources; all parties believe a deal is possible

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French President Macron said France and the UK will organise a conference in coming days aimed at restoring freedom of navigation in Hormuz

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  • The source suggests that Trump could resume strikes if the US naval blockade does not lead to Iran making changes; targets could include infrastructure he threatened to attack before the ceasefire was announced.
  • On the blockade, says the US's decision to walk away from the talks in Pakistan, is part of the ongoing negotiations. 
Context

If a deal materializes, it could significantly impact oil markets, particularly WTI prices, given Iran's role as a major oil producer. However, the mention of possible military strikes underlines the ongoing volatility and risks that could disrupt energy supplies from the region.

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