On 24 (local time) Pakistan Army chief Munir met Iran parliament speaker Ghalibaf in Tehran. Ghalibaf said the US has repeatedly failed to honor the Islamabad MoU, arguing those breaches have impeded regional stability and urging the US to fulfill its MoU commitments; he said Iran is working to implement the agreement's terms. Munir said Pakistan will continue efforts to restore regional stability.

CNBC, citing two senior Treasury officials, reports the US Treasury may tap roughly $1 trillion in its Treasury General Account (TGA) at the Federal Reserve to fund an expanded government bond repurchase program. Using the TGA would give the Treasury greater ability to influence long-term yields. Last week the Treasury unexpectedly raised repurchase size for off-the-run Treasuries from $2bn to at least $4bn; Treasury Secretary Bessent said operations could exceed that floor, but the department did not specify funding sources. Markets had largely expected funding via increased T-bill issuance; a TGA drawdown would alter near-term supply and liquidity expectations. The TGA is the government’s checking account at the Fed, financed by tax receipts.

The Norwegian royal court said on the 23rd King Harald V, 89, was hospitalized on the 17th after his condition worsened due to a bloodstream bacterial infection and is receiving antibiotic treatment; his condition is currently stable. During the king's medical leave, Crown Prince Haakon is serving as temporary regent and exercising the duties of head of state.