Iran’s response to the US peace proposal via Pakistan offers a cooling signal, but markets are still waiting for Washington’s next move

📌 Iran has officially sent its response to the US peace proposal through Pakistan, marking one of the clearest diplomatic signals in recent days after more than two months of conflict. The details have not been released, but the current focus appears to be limited to ending hostilities.
💡 The key point is that this process is not yet aimed at resolving broader issues such as Iran’s nuclear program. Instead, it may move first toward a temporary memorandum to halt fighting and reopen shipping flows through the Strait of Hormuz, a critical route for global oil and LNG markets.
⚠️ In the short term, a positive US response could reduce the geopolitical risk premium in crude oil, natural gas, and gold. However, with Washington still silent, markets cannot price in a firm de-escalation yet, especially after previous negotiation rounds faced obstacles over ceasefire conditions.
🔎 Over the next 24–48 hours, the US response will be the main variable. If diplomatic signals continue to improve, Brent and WTI may face correction pressure, while gold and safe-haven assets could cool down. If the US stays silent, rejects the move, or demands tougher conditions, volatility in energy and precious metals will likely remain elevated.
✅ For market channels, this is a headline worth tracking closely because it affects not only oil and gold, but also broader risk sentiment across FX, Asian equities, and geopolitically sensitive assets during the May 11–15 week.
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