Iraq's Prime Minister met Iran's parliamentary speaker Mohammad Bagher Ghalibaf to discuss efforts to end the war, according to the Iranian state-linked news agency Fars. The headline provides no detail on the terms, parties, or outcomes under discussion, so the immediate market read is one of diplomatic signaling rather than a confirmed policy shift. The primary transmission channel is geopolitical risk premia, with any perceived progress toward de-escalation potentially compressing oil and shipping insurance costs through reduced expectations of supply disruption in the Gulf. Crude benchmarks, regional equities, and currencies sensitive to Middle East risk would be most exposed, while safe-haven assets such as gold and US Treasuries could see reduced bids if de-escalation gains credibility. Traders should watch for official readouts from Baghdad and Tehran, and any follow-up statements on ceasefire or negotiation frameworks, as well as Brent crude's reaction at the next session open.
IRAQ PM MET IRAN'S GHALIBAF ON EFFORTS TO END WAR: FARS
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