Pakistan, led by PM Shehbaz Sharif, brokered a ceasefire that helped avert a major escalation in the Iran conflict by leveraging global ties to buy time for talks. The diplomatic win reduces near-term risk of wider regional conflict and potential oil-price shocks, easing a geopolitical risk premium for markets sensitive to Middle East instability.
Pakistan, led by PM Shehbaz Sharif, brokered a ceasefire that helped avert a major escalation in the Iran conflict by leveraging global ties to buy time for talks. The diplomatic win reduces near-term risk of wider regional conflict and potential oil-price shocks, easing a geopolitical risk premium for markets sensitive to Middle East instability.
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