Pakistani PM Sharif says the US-Iran ceasefire is in place and are trying to resolve issues between the US and Iran

The affirmation of a US-Iran ceasefire suggests a potential easing of tensions in the region, which could influence oil prices, particularly WTI, given Iran's significant role in energy markets.

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If sustained, this development may provide a more stable environment for commodities and alleviate some inflationary pressures, impacting broader market sentiment during both the EU and US sessions.

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