The U.S. Justice Department issued guidance granting Secretary of State Marco Rubio final authority over appeals regarding the dismissal or discipline of diplomats and Foreign Service employees. This move suggests a shift toward more centralized control over the State Department’s internal affairs. Markets interpret this decision as an indication of a more streamlined and decisive diplomatic approach. This centralization could influence international negotiations, particularly U.S.-Iran relations, with fluctuating market odds regarding a potential diplomatic meeting before December 31, 2026.
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