Egyptian Foreign Minister Badr Abdelatty and his Iranian counterpart Abbas Araghchi held discussions aimed at de-escalating tensions and reviving diplomatic initiatives. This meeting underscores Egypt’s mediating role in regional dynamics involving Iran, Israel, and the United States. Both nations emphasized dialogue and restraint over military action to manage the crisis. This development could influence the prospects for future US-Iran diplomatic engagements. Market pricing reflects low expectations of a near-term breakthrough, with odds at just 0.1% for a US-Iran meeting in the UAE by September 30.
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