Lavrov: Trump's plan on Gaza remains just ink on paper, and the principles laid down in the initiative have not been respected.

Russian Foreign Minister Sergei Lavrov said that Trump's Gaza plan remains "just ink on paper" and that the initiative's principles have not been respected. The remark signals that diplomatic momentum on Middle East de-escalation is stalling, which keeps geopolitical risk premia elevated rather than compressing them. The transmission runs through risk appetite and energy: uncertainty over Gaza sustains a bid for oil and safe-haven assets while weighing on regional equities and Israeli sovereign risk. Traders should watch Brent crude's reaction in the next session and any subsequent statements from Washington or Gulf mediators, since a formal rebuttal or a concrete ceasefire step would shift this narrative quickly.

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