Russian President Putin holds phone call with Iranian President Pezeshkian, RIA reports
Newsquawk Staff ·
- Putin confirmed position in favour of rapid deescalation of conflict in the Middle East.
What it means
Putin's call with Iranian President Pezeshkian emphasizes a push for de-escalation in the Middle East, likely aimed at stabilizing the region amid ongoing tensions. This move could influence energy prices, particularly oil and gold, as market participants may respond to perceived risks or opportunities in the geopolitical landscape. If successfully de-escalated, we might see a shift in risk sentiment, impacting currencies like the USD and JPY, often viewed as safe havens.
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