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Sign InThe ceasefire between the United States and Iran has triggered a wave of global optimism, with Russia welcoming the move and expressing hope for resumed talks regarding the Ukraine conflict. In a significant strategic shift, President Volodymyr Zelenskiy stated that Ukraine is now ready for a ceasefire with Russia, following the de-escalation in the Middle East. Meanwhile, President Donald Trump announced that upcoming negotiations with Tehran will be conducted behind closed doors to ensure diplomatic progress. The European Union has also urged all parties to transition this temporary truce into a lasting permanent agreement. Analysts suggest that these developments are significantly reducing the geopolitical risk premium across global markets, potentially boosting risk-on sentiment. This diplomatic pivot is expected to exert downward pressure on oil and wheat prices as supply chain concerns ease.