Pakistan's representative to the United Nations: We are continuing our diplomatic efforts to resolve the crisis between the United States and Iran, via Al Araby

Pakistan's diplomatic initiatives to mediate between the U.S. and Iran could signal reduced tensions in the region, which is generally supportive for energy prices and risk assets. However, until concrete results materialize, the market may remain cautious, particularly with WTI and broader commodities potentially reacting to any shifts in geopolitical stability. Keep an eye on how this develops, as it could influence crude oil supply expectations and market sentiment.