European Union — European Central Bank & Ishaq Dar

European Union — European Central Bank: The European Union — European Central Bank (ECB) welcomed the US-Iran ceasefire, with President Christine Lagarde noting its potential to reopen the Strait of Hormuz. However, policymaker Joachim Nagel cautioned that it would not bring immediate relief to high euro zone inflation, influencing market expectations for future rate hikes.

Ishaq Dar: Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Minister, had a phone conversation with Chinese Foreign Minister Wang Yi regarding the restoration of peace in the Middle East.

European Union — European Central Bank: The European Union — European Central Bank raised interest rates in response to inflation fueled by the Iran war, becoming the first major central bank to do so, aiming to dampen consumer price inflation.

Ishaq Dar: Ishaq Dar, Pakistan's Foreign Minister, met with Iran's foreign minister, Abbas Araghchi, during diplomatic discussions.