IRAN AND PAKISTAN FOREIGN MINISTERS TALK ABOUT HORMUZ TALKS AND A DEFENSE PACT IN A PHONE CALL.

The foreign ministers of Iran and Pakistan discussed ongoing talks regarding the Strait of Hormuz and a potential defense pact during a recent phone call. This development introduces a geopolitical risk premium through the channel of potential supply disruption in a critical global energy chokepoint. Oil futures, particularly Brent crude, and shipping equities with exposure to the Persian Gulf are most exposed due to the implications for maritime transit and energy security. Traders will closely monitor any official statements or joint communiques from either nation regarding the specifics of the defense pact or the outcome of the Hormuz talks.

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