Pakistani officials say US and Iranian delegations to hold direct talks in Islamabad aimed at a permanent ceasefire; negotiations starting Saturday may extend beyond one day, with Pakistan hosting at a secured military venue, Anadolu Agency reports

The news of US and Iranian delegations holding direct talks in Islamabad is a significant development, indicating a potential shift towards diplomatic resolution and a permanent ceasefire. Such negotiations could de-escalate tensions in the region, which is supportive for risk assets, particularly if they lead to a concrete agreement. Markets may react positively, with implications for commodities like oil and a strengthening of regional stability if talks progress favorably.