Iran and the United States have concluded the first round of direct negotiations in Switzerland, agreeing on a 60-day roadmap toward a final peace deal.
The talks, held at the Burgenstock resort, marked a significant step in efforts to end the ongoing Middle East conflict, with mediators from Pakistan and Qatar confirming the progress.
Technical discussions are set to continue, focusing on key issues including the situation in Lebanon, security in the Strait of Hormuz, and the lifting of sanctions.
The agreement signals a potential de-escalation in regional tensions that have long weighed on global energy markets.
Investors are closely watching for signs that the roadmap will translate into tangible security improvements in the Strait of Hormuz, a critical chokepoint for global oil shipments.
Any reduction in shipping risks could provide relief to energy prices, which have been volatile amid fears of disruption.