President Donald Trump has expressed optimism about ongoing peace talks with Iran, stating that negotiations are 'proceeding nicely' and a deal appears closer.
The remarks, reported by Bloomberg and Axios, come amid a broader diplomatic push to end the two-month-old conflict between Iran, the United States, and Israel.
Markets have responded with a shift in risk sentiment, with energy and equity indices showing early signs of stabilization.
The U.S. dollar index dipped slightly, while Brent crude futures edged lower, reflecting reduced concerns over supply disruptions in the Strait of Hormuz.
The diplomatic developments follow earlier reports that Trump was not satisfied with an initial Iranian offer to end hostilities.
Special envoys Steve Witkoff and Jared Kushner are reportedly involved in the ongoing discussions, with no immediate timeline for a resolution., with investors closely monitoring statements from both sides and potential follow-up actions.