Foreign ministers from the UK, France, Germany, Italy, Turkey, Saudi Arabia, Pakistan and Egypt met in Istanbul on Friday and urged restraint amid fears of renewed US-Israeli strikes on Iran and Houthi attacks on Saudi Arabia. Turkish Foreign Minister Hakan Fidan said military intervention was not a solution, and the ministers agreed to tell all parties that diplomacy must prevail. The group will meet regularly to address a lasting resolution of Iran's actions and to ensure freedom of navigation in Hormuz, the Red Sea and the Black Sea, where suspected Russian drone attacks have struck ships near Bulgaria and Romania. The US and Israel have reportedly discussed a major new military operation against Iran, though President Donald Trump said he would not strike again before the November 3 midterm elections. Iran has vowed a wider response to any new attack, while the US continues its military blockade of Iranian seaports.
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Related tickers and likely impact
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/23/2026 | 4,003.77 |
| Change that session | -0.80% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/23/2026 | 3,994.18 |
| Change that session | -0.89% |
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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