Iran Ceasefire Uncertainty

What happened: President Trump extended a ceasefire with Iran until peace talks progress, sparking uncertainty in global oil markets. The extension comes after the U.S.-Iran negotiation was called off, with Trump signaling that tensions remain far from resolved. Domestic flights in Iran resumed on Tuesday, even as the ceasefire's end looms large on Wednesday.

Market impact: Oil prices edged lower, with uncertainty over the U.S.-Iran conflict clouding the outlook. Asia-Pacific markets opened lower, reflecting investor concerns that the Middle East conflict could drag on. Tech ETFs, however, continued their 15-day streak of gains, suggesting investors are shifting attention away from geopolitical risks.

What to watch next: The end of the Iran ceasefire on Wednesday, and the outcome of potential talks in Pakistan will determine the next steps in the U.S.-Iran conflict. Additionally, investors will closely monitor oil prices and global market sentiment for any significant shifts in response to these developments.