‘Time wasted’: Trump cancels Pakistan trip for Iran peace talks

Donald Trump canceled a planned trip to Pakistan intended to facilitate Iran peace talks, signaling renewed uncertainty around diplomatic efforts involving Iran. The cancellation weakens near-term expectations for de-escalation in Middle Eastern tensions, affecting risk appetite and geopolitical risk pricing in energy and equity markets. Assets linked to Iranian economic reintegration, including regional trade flows and potential future oil supply, face delayed catalysts, while Pakistan’s geopolitical leverage and foreign aid prospects diminish. The move underscores the volatility of U.S.-driven diplomatic timelines, with market focus shifting to upcoming indirect signals of U.S.-Iran dialogue, such as statements from European intermediaries or IAEA reports on Iranian nuclear activity.

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