Iran and the United States are set to establish a joint de-confliction cell aimed at halting military operations in Lebanon, according to mediators.
The move follows statements from Iran’s Foreign Minister Abbas Araghchi, who indicated that negotiations with Washington have reached a stage of "major progress" toward ending the conflict between Israel and Hezbollah.
The establishment of the de-confliction cell represents a tangible step toward de-escalation in West Asia.
It builds on earlier reports that comprehensive peace discussions in Switzerland have advanced significantly, with the goal of formally ending hostilities.
The mechanism is designed to prevent accidental clashes and coordinate ceasefires, addressing immediate security concerns in the region.
For markets, the development signals a potential reduction in geopolitical risk premiums that have weighed on energy and shipping sectors.