Pakistani official says Israel took Iran's Foreign Minister Araghchi and Parliamentary Speaker Ghalibaf off the hit list after Pakistan requested the US not to target them

This development reflects a potential de-escalation in regional tensions involving Israel, Iran, and Pakistan, which could stabilize markets affected by geopolitical risks. The U.S. role in mediating this request may suggest a shift in its engagement strategy, potentially easing fears in the energy sector and impacting commodities like WTI. Traders should watch for any ripple effects in FX, particularly with the USD, as perceptions of geopolitical stability could shift risk appetites.