US President Trump asked Israeli PM Netanyahu in a phone call yesterday to scale back Israel’s strikes in Lebanon to help ensure the success of the Iran negotiations, via NBC citing a senior admin official
- Israel agreed “to be a helpful partner.”
Context
This development signals a potential de-escalation in the region, which may impact market sentiments around risk assets. A commitment from Israel to act as a "helpful partner" could stabilize tensions, improving the outlook for equities and commodities like oil and gold. Watch for how this might influence USD positioning against currencies like EUR and JPY as geopolitical risks evolve.
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