The United States and Iran have agreed on a comprehensive roadmap designed to conclude hostilities and reach a final peace agreement within 60 days.
Mediators confirmed the breakthrough following negotiations in Switzerland, marking a decisive shift from the sharp rhetoric that has characterized recent diplomatic exchanges.
The development is likely to reduce the geopolitical risk premium embedded in energy and shipping markets.
With the immediate threat of further military escalation receding, traders are reassessing exposure to Middle East volatility.
Brent crude and regional freight rates, which have been supported by supply disruption fears, face downward pressure as the probability of a sustained ceasefire rises.
Pakistan played a key role as a mediator in the talks, helping to bridge the gap between the two sides.