The United States and Iran have reached a preliminary agreement on a roadmap to end their conflict within 60 days, following intensive negotiations at the Bürgenstock resort in Switzerland.
Mediators from Qatar and Pakistan confirmed the breakthrough early Monday, signaling a significant de-escalation in tensions that have weighed on global markets for months.
The deal includes the establishment of a coordination cell with Lebanon to halt military operations and the creation of a direct communication line between the two nations.
Iranian Foreign Minister Araghchi also announced the revocation of restrictions on oil and petrochemical exports, a move likely to ease supply concerns in energy markets.
This development marks a dramatic reversal from earlier reports that talks had stalled due to political pressures.
The agreement provides a structured timeline for peace, offering clarity to investors who have faced uncertainty regarding potential disruptions to Middle Eastern energy flows and shipping routes.