US official says conversations between US, Ukraine, and Russia were productive and will continue Thursday morning

The indication that conversations between the US, Ukraine, and Russia have been productive suggests a potential easing of tensions, which is generally supportive for risk assets.

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[MARKET UPDATE] Crude rallies after reports that US-Iran nuclear talks on Friday have been cancelled; US equities extend to the downside as risk-off intensifies

US military says it conducted five strikes against multiple Islamic state targets across Syria

US official says conversations between US, Ukraine, and Russia were productive and will continue Thursday morning

US told Iran on Wednesday that it will not agree to Tehran's demands to change the location and format of talks planned for Friday, Axios reports; US officials considered the request to change the location, but decided on Wednesday to reject it

Nuclear talks cancelled on Friday, according to reports; cancelled due to the Iranians' refusal to engage in non-nuclear issues

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Market participants will likely be monitoring further developments closely, especially for any implications on energy prices and broader geopolitical stability. A sustained dialogue may pave the way for a more stable environment, influencing currencies and commodities tied to the region.

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