Iran Conflict Resolution Efforts Progress, Pakistani PM Urges Ceasefire

Pakistani Prime Minister has requested U.S. President Donald Trump to extend the deadline for Iran by two weeks, urging all parties involved in the conflict to cease hostilities for the same period to facilitate diplomatic efforts for a complete resolution of the war in Iran. According to Jin10, he emphasized that diplomatic efforts aimed at peacefully resolving the ongoing Middle Eastern conflict are steadily advancing. He also called on Iran to demonstrate goodwill by opening the Strait of Hormuz within the next two weeks. The market reacted swiftly to this information, with WTI crude oil dropping $2 in the short term, spot gold surging nearly $40 and breaking the $4,700 mark, while U.S. stocks saw a slight uptick.