Pakistani mediators expect a revised peace proposal from Iran after US President Trump rejected a previous version. Sources familiar with the efforts say an answer could come as soon as today, or slide to Friday, via CNN

The expectation of a revised peace proposal from Iran, following President Trump's rejection, suggests potential volatility in markets sensitive to geopolitical developments.

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If an agreement surfaces, it could impact risk sentiment across assets, particularly in energy markets like WTI and Brent Crude, as well as affecting forex pairs involving the USD and GBP. A resolution, or further delay, may drive fluctuations in investor sentiment and market positioning in the short term.

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