Iran has agreed to allow inspectors from the International Atomic Energy Agency (IAEA) to return to the country, a development that marks a significant de-escalation in the long-running nuclear dispute.

The agreement was confirmed by US Vice President JD Vance, who stated that the nuclear issue remains a primary concern for the administration but that this step represents progress.

The return of IAEA inspectors is a critical requirement of the international community, aimed at verifying Iran's nuclear activities and ensuring compliance with non-proliferation norms.

This move signals a potential thaw in diplomatic relations and could pave the way for further negotiations on broader sanctions and regional security issues.

Markets are likely to view this development as a positive signal for regional stability, potentially reducing geopolitical risk premiums in energy and shipping sectors.

The de-escalation may also influence investor sentiment in Middle Eastern equities and commodities, particularly oil, which has been sensitive to tensions involving Iran.