Volodymyr Zelensky, the President of Ukraine, said that the results of the latest round of talks with Russia are still insufficient. He said the discussions on military issues were “important and substantive,” but political matters require further work. Zelensky also called for the next round of talks to be held in February to achieve more progress.

Karine, the White House spokesperson, stated that only limited progress was made in the US-Iran negotiations. Axios also reported that the geo negotiations were hollow, and Trump moved closer to war; oil prices rose nearly 5 percent following the Axios report. She added that significant progress was made in yesterday’s Ukraine talks, and the next round of talks will be held in the future.

Australia’s unemployment rate held at 4.1 percent in January, and employment increased by 17.8 thousand jobs, mainly driven by full-time positions. This data indicates that the labor market remains strong, and the economy can withstand tight monetary policy. Following this report, the likelihood of another rate hike by the Reserve Bank of Australia in the coming months increased. Officials emphasized that, despite a relative easing of pressures, inflation remains above the target, and continued contractionary policy is necessary.

Following geo negotiations that reportedly made little progress, it seems Trump's patience has run out and a 10 to 15-day deadline has been set for an agreement with Iran. Meanwhile, in response to reports of the US considering a limited strike, the Islamic Republic warned that in case of military aggression, it will deliver a "decisive response". Iran stated that it does not seek war, but considers all enemy bases and facilities in the region as legitimate targets. These tensions have raised concerns in global markets, particularly oil, with Brent crude surpassing $70.