Tehran has rejected reports of direct talks with the US, instead laying out its own terms to end the conflict, while the White House acknowledges 'elements of truth' to Washington offering a peace plan, further complicating ongoing back-channel diplomacy. Gold prices have held gains following reports of US negotiations aimed at ending the Iran War.

European economies are experiencing varied impacts from the Middle East conflict, with France showing resilience and Italy's GDP forecast tied to the conflict's duration. The Swiss economic index has also fallen due to the conflict. The Bank of England faces questions of a rate hike, while Spain's data center sector warns that government measures against the war put investments at risk, and UK consumer price inflation remained steady at 3% in February, though Middle East instability continues to raise energy price risks, and other European businesses also face challenges.