SAUDI FOREIGN MINISTRY: THE MINISTER RECEIVED A CALL FROM IRAN'S FOREIGN MINISTER DISCUSSING EFFORTS TO DE-ESCALATE TENSIONS

Saudi Arabia's Foreign Minister held a call with Iran's counterpart to discuss de-escalating regional tensions, marking a potential shift in diplomatic engagement between the two regional rivals. The dialogue could ease geopolitical risk premiums embedded in energy markets, particularly given both nations' strategic influence over oil supply and Gulf shipping lanes. Improved relations may support stability in crude prices by reducing the threat of supply disruptions, benefiting global risk appetite and emerging market sentiment, especially for energy importers. Any sustained thaw could also recalibrate capital flows into Gulf equities, with Saudi and Iranian frontier markets most directly exposed. Traders will watch for follow-up meetings or joint statements as a signal of durable diplomatic progress.

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