Pakistan government official: received Iran response to US proposal on Iran war, forwarded it to US

A Pakistani government official announced that the country has received Iran's response to a U.S. proposal regarding the ongoing conflict in Iran and has forwarded this response to the U.S. This development could influence geopolitical risk appetite, particularly in the Middle East, as tensions in the region often affect oil prices and investor sentiment. Markets most exposed include energy commodities, especially crude oil, as any escalation or resolution in the conflict could lead to supply disruptions or changes in production strategies. Traders will be particularly attentive to any subsequent U.S. reactions or further diplomatic communications that may arise from this exchange.

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