European Union — European Central Bank & Shehbaz Sharif

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.

Shehbaz Sharif: Shehbaz Sharif, the Prime Minister of Pakistan, played a crucial mediating role in the US-Iran peace talks, announcing the interim deal and coordinating the planned signing ceremony.

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.

Shehbaz Sharif: Shehbaz Sharif, the Prime Minister of Pakistan, met with Iran's foreign minister, Abbas Araghchi, as part of Pakistan's mediation efforts.

European Union — European Central Bank: The European Union — European Central Bank raised interest rates due to war-driven inflation, highlighting the broader economic impact of the conflict.

Shehbaz Sharif: Shehbaz Sharif, Prime Minister of Pakistan, confirmed that a final, agreed-upon text of the peace deal had been reached, highlighting Pakistan's significant role as a mediator in the US-Iran negotiations.

European Union — European Central Bank: The European Union — European Central Bank is expected to make a decision on interest rates, following the United States — Federal Reserve, in a week of significant economic touchpoints.

Shehbaz Sharif: Shehbaz Sharif, Prime Minister of Pakistan, has spoken with Iranian President Masoud Pezeshkian and reiterated Pakistan's commitment to facilitating 'durable peace' in the conflict.

European Union — European Central Bank: The European Union — European Central Bank is anticipated to keep interest rates unchanged due to inflation worries, a separate market focus.

Shehbaz Sharif: Shehbaz Sharif, Pakistan's Prime Minister, thanked Donald Trump for pausing the effort to guide ships out of the Strait of Hormuz, emphasizing Pakistan's commitment to peace.

European Union — European Central Bank: The European Union — European Central Bank is anticipated to keep interest rates unchanged due to inflation worries, a separate market focus.

Shehbaz Sharif: Shehbaz Sharif, the Prime Minister of Pakistan, is traveling to China to discuss Pakistan's peace efforts, indicating a broader diplomatic engagement to resolve the conflict.

European Union — European Central Bank: Held rates steady but a September rate hike is about 70% priced in.

Shehbaz Sharif: Pakistani Prime Minister condemned Houthi attacks on Saudi tankers.