The United States and Iran have agreed on a comprehensive roadmap aimed at securing a final peace agreement within 60 days, following the conclusion of their first round of direct negotiations in Switzerland.
Mediators from Pakistan and Qatar confirmed the breakthrough, describing the opening session as tense but productive, with both sides making "encouraging progress" toward a resolution.
The development marks a significant pivot from the sharp rhetoric that has characterized US-Iran relations in recent months.
By establishing a structured timeline for a final deal, the two nations have signaled a willingness to de-escalate tensions through diplomacy rather than confrontation.
The agreement provides a clear framework for subsequent rounds of talks, reducing the immediate risk of military escalation in the region.
For markets, the news serves as a tangible catalyst for easing geopolitical risk premiums.