Serbian President Aleksandar Vučić has voiced support for the recently concluded peace agreement between the United States and Iran, stating that Serbia backs every effort toward a fairer and more peaceful world.

The diplomatic outreach comes as global markets digest the implications of the US-Iran settlement.

Pakistan’s Prime Minister Shehbaz Sharif previously announced that the two nations had reached a comprehensive peace deal after intensive negotiations.

Reports from Switzerland indicated "encouraging progress" toward a final settlement, marking a significant escalation in diplomatic efforts to de-escalate tensions in the Middle East.

For traders, the broadening circle of international support for the agreement may help solidify the risk-off sentiment that has characterized recent sessions.