Mediator Pakistan says US-Iran talks ongoing as foes trade attacks

Pakistan has reported that talks between the United States and Iran are ongoing, despite recent military exchanges between the two nations. The US has conducted retaliatory strikes following attacks linked to Iran, while Pakistan continues to facilitate discussions aimed at de-escalating tensions. These developments occur amid a backdrop of continued indirect technical negotiations in Doha, with Pakistan emphasizing the importance of resuming broader diplomatic talks under the Islamabad Memorandum of Understanding. Key Takeaways The announcement by Pakistan suggests that diplomatic channels between the US and Iran remain open, despite recent military escalations. Current market pricing implies a moderate increase in the likelihood of future diplomatic meetings, particularly in locations like Qatar and Switzerland, where odds have seen recent upward movement. Continued exchanges between the US and Iranian forces may impact the probability of successful diplomacy, with markets reflecting uncertainty in the resolution of this geopolitical conflict. What to Watch Observers should monitor statements from key stakeholders, including the US, Iran, and mediating nations such as Pakistan an...