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Optimism regarding an orderly resolution to the US-Iran conflict has faded as the cease-fire deadline approaches tomorrow night. Markets are facing a significant lack of visibility, compounded by uncertainty over whether Iran will send a diplomatic delegation to Islamabad for negotiations. The initial optimism has been replaced by caution, as no concrete details have emerged concerning the reported $20 billion deal. Amid this environment, Brent crude is trading at $95/b, reflecting heightened market anxiety over potential supply disruptions. Analysts suggest that the absence of substantive developments has cooled risk sentiment, providing support to safe-haven assets like XAU/USD. Investors remain on edge, awaiting official signals before the critical deadline expires.
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