The United States and Iran have agreed on a 60-day roadmap following the conclusion of initial peace negotiations in Switzerland, marking a tangible step toward de-escalation in the Middle East.
Iranian Foreign Minister Abbas Araghchi described the outcome as "major progress," crediting mediators from Pakistan and Qatar for facilitating the breakthrough.
The agreement establishes a structured timeline for further discussions aimed at reducing regional volatility and addressing core security concerns.
Crude oil prices softened in the session as traders digested the diplomatic development.
The market reaction reflects a cautious recalibration of geopolitical risk, with investors weighing the promise of reduced tensions against the brevity of the agreed timeline.
While the immediate threat of escalation appears to have receded, the 60-day window leaves ample room for uncertainty, preventing a full unwind of the risk premium that has supported energy markets in recent weeks.