Pakistan's Foreign Minister says "Consultations are ongoing to end the conflict, and we are hopeful that we will succeed", Al Arabiya reports

The statement from Pakistan's Foreign Minister suggests a significant diplomatic effort aimed at resolving conflicts involving the US and Iran. This could signal a potential easing of tensions, which often impacts risk sentiment and could support assets like equities and riskier currencies while weighing on safe havens like gold and the dollar. If these negotiations progress, it may lead to a more stable geopolitical environment and influence broader market dynamics.