Two Pakistani officials in Islamabad with direct knowledge of the talks between the U.S. and Iran told MS NOW they expect a revised Iranian proposal to end the war by the end of the week.

The expectation of a revised Iranian proposal to end the war could signal a potential de-escalation in tensions, which may positively impact equity markets and commodities like oil. If this development leads to actual progress, we could see a notable reaction in energy prices and a broader risk-on sentiment across markets. Keep an eye on oil contracts and equities that may benefit from stability in the region.