Iran's Araqchi May Skip UN Security Council Meeting on May 26

Iran's Foreign Ministry spokesperson stated that the participation of Deputy Foreign Minister Abbas Araqchi in the upcoming UN Security Council meeting on May 26 has not yet been confirmed. This uncertainty may impact geopolitical risk perceptions, particularly regarding Iran's nuclear negotiations and broader diplomatic relations. The channel of transmission is risk appetite, as traders assess the implications of Iran's potential engagement or lack thereof in international discussions. Assets most exposed include Iranian government bonds and regional equities, which could react to shifts in investor sentiment based on diplomatic developments. Traders will be particularly attentive to any announcements leading up to the meeting that could clarify Araqchi's participation and the potential for renewed negotiations.

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