The United States and Iran have agreed on a comprehensive plan that aims to deliver a final peace agreement within 60 days, marking a sharp reversal in diplomatic relations between the two nations.
The framework was confirmed by mediator countries Pakistan and Qatar, who have facilitated the talks.
This development follows a period of heightened tension, including a recent walkout by the Iranian delegation from negotiations in Switzerland after a controversial post by US President Donald Trump.
Iran’s Foreign Minister Abbas Araghchi described the progress as "major," signaling a potential de-escalation in the broader West Asia conflict.
The agreement represents a significant shift from the stalemate that had characterized recent months, offering a structured timeline for resolving outstanding disputes.
For markets, the news serves as a direct counterweight to the geopolitical risk premium that has been embedded in energy and shipping prices.