What happened when envoys' Pakistan trip was canceled? Markets and oil explained

President Donald Trump canceled a planned trip by two U.S. envoys to Pakistan. The envoys were Jared Kushner and Steve Witkoff. They were expected to help arrange talks with Iran, but Iran’s negotiator left Islamabad before the Americans arrived. Trump said he told his team not to make the long flight.

When markets reopened after the weekend, oil prices rose and stock indexes fell. Traders showed only a muted reaction because the ceasefire remained in place and talks could happen by phone. Investors were cautious and watched news from Islamabad and Washington. The situation stayed uncertain.