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. 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.