Iran’s foreign minister, Hossein Amir-Abdollahian, arrived in Moscow on Thursday to meet President Vladimir Putin, marking a significant diplomatic pivot as Tehran navigates stalled negotiations with Washington.

During the visit, the Iranian FM stated that a potential agreement with the U.S. is “never been closer,” citing recent communications from American authorities expressing a desire to resume peace discussions.

The remarks introduce a new variable into an already complex geopolitical landscape.

While Moscow and Tehran deepen strategic ties, the reported U.S. outreach suggests Washington is exploring off-ramps to de-escalate regional tensions.

For markets, the development underscores the persistent risk premium embedded in energy and shipping assets, though no immediate price reaction has been confirmed.

Traders will monitor whether these diplomatic signals translate into concrete policy shifts or remain rhetorical posturing ahead of the Putin-Araghchi talks.