The United States and Iran have concluded their first round of direct negotiations in Switzerland, agreeing on a concrete 60-day roadmap aimed at securing a final peace deal in the Middle East.
The agreement, facilitated by mediators from Pakistan and Qatar, marks a significant de-escalation in regional tensions that have weighed heavily on global markets for months.
Iranian Foreign Minister Abbas Araghchi described the outcome as "major progress," signaling a willingness to engage constructively with Washington.
The mediators confirmed that both sides have aligned on the key parameters for the next phase of talks, reducing the immediate risk of military confrontation or renewed sanctions.
Global energy markets reacted swiftly to the news.
Brent crude futures fell sharply as traders priced in a lower probability of supply disruptions from the Strait of Hormuz.