Negotiators are nearing an agreement to extend the U.S.-Iran ceasefire for 60 days and establish a framework for nuclear talks, according to reports from Bloomberg and Axios.
The proposed extension comes amid ongoing diplomatic efforts to stabilize the region and reduce the risk of renewed conflict.
The news has triggered a positive market reaction, with equities and energy prices showing signs of relief.
Investors are interpreting the ceasefire extension as a step toward de-escalation, which could reduce volatility in global markets.
The U.S. dollar has also seen a slight pullback against major currencies, reflecting reduced geopolitical risk.
This development follows a period of heightened tensions, with President Donald Trump previously describing the ceasefire as 'on life support.' The new proposal suggests a shift in diplomatic strategy, potentially opening the door for broader negotiations on Iran's nuclear program and regional security.