US Vice President JD Vance is expected to lead a potential second round of talks with Iranian officials should negotiations lead to another face-to-face meeting before the ceasefire expires next week, according to sources familiar cited by CNN

The expectation of U.S. Vice President JD Vance leading a potential second round of talks with Iranian officials signals a possible escalation or de-escalation in diplomatic relations, particularly in the context of an impending ceasefire expiration. This situation may affect risk sentiment in various markets, with commodities and safe-haven assets likely to react depending on how talks progress.