Key insights
- The US is sending a negotiating team to Pakistan to discuss Iran. The team includes VP JD Vance, Steve Witkoff, and Jared Kushner. Talks between the US and China have also occurred. This geopolitical development introduces uncertainty, potentially increasing risk aversion and slightly negatively impacting US equities.

WASHINGTON, April 8 (Reuters) - U.S. President Donald Trump is dispatching his Iran negotiating team, led by Vice President JD Vance, to Pakistan, White House press secretary Karoline Leavitt said on Wednesday, adding that the first round of talks would take place on Saturday.
U.S. special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner were also part of the team, Leavitt told reporters.
Leavitt said Vance had played a significant and key role on Iran since the beginning, and said conversations had taken place between top levels of the U.S. government and China.