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A United Nations envoy has arrived in Tehran to facilitate diplomatic efforts aimed at securing a long-term end to the ongoing regional conflict. This mission seeks to transition from a fragile, short-term ceasefire, which has faced multiple violations, toward a more permanent and stable resolution. The envoy's discussions with Iranian officials are intended to break a 22-day diplomatic deadlock that has hindered previous peace initiatives. While the involvement of the UN is viewed as a positive step, market participants remain skeptical given the history of failed agreements. Consequently, the impact on key assets like Crude Oil and XAU/USD is currently limited as the news is seen as an incremental development rather than a definitive breakthrough. Investors continue to monitor the situation for any signs of a concrete shift in geopolitical risk.
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