European Union — European Central Bank & Masoud Pezeshkian

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.

Masoud Pezeshkian: Masoud Pezeshkian, the President of Iran, has confirmed the interim agreement and emphasized its importance in stopping the fighting, while also stressing that a final deal for a lasting truce is still pending. He has highlighted Iran's economic strains and the need for an end to the 'no war, no peace' situation.

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.

Masoud Pezeshkian: Masoud Pezeshkian, Iranian President, engaged in discussions with Japan's Prime Minister Sanae Takaichi to facilitate oil transit through the Strait of Hormuz.