VP Vance's trip to Pakistan has been postponed indefinitely, Axios' Ravid reports citing a US source

The indefinite postponement of VP Vance's trip to Pakistan hints at potential diplomatic strains or emerging issues that require attention.

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TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 11+ TICKS LOWER AT 111-09+

Regional mediators, led by Pakistan, are racing to try to convince Iran to join talks with the U.S. in Islamabad this week, after Tehran said it won't send its delegation before the blockade on its ports is lifted, via WSJ

VP Vance's trip to Pakistan has been postponed indefinitely, Axios' Ravid reports citing a US source

[MARKET UPDATE] Oil surges, stocks hit, dollar bid, T-notes and gold sold after Tasnim reports Iran decision not to attend Pakistan is final, while AP reports Vance has called off the trip

US Vice President Vance calls off a trip to Pakistan, AP reports citing a US official

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This uncertainty may weigh on related markets, including regional equities and currencies, as investors assess the implications for US-Pakistan relations and broader geopolitical stability. Keep an eye on safe-haven assets as they might see increased demand in response to this news.

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