Saudi Arabia is reporting a phone call between Saudi Crown Prince Mohammed bin Salman and the Prime Minister of Pakistan, in the midst of the Pakistani attempt to bring about some kind of ceasefire in the 90th minute, just before Trump's ultimatum expires
Context
The reported conversation between Saudi Crown Prince Mohammed bin Salman and Pakistan's Prime Minister comes at a crucial time, suggesting potential diplomatic efforts to de-escalate tensions. Given the timing with Trump's ultimatum, this could influence regional stability and subsequently affect energy prices, particularly crude oil. Traders should watch for market reactions in oil and associated currencies, as any resulting ceasefire may relieve some pressures in these markets.
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