The United States and Iran have concluded the first round of direct negotiations in Bürgenstock, Switzerland, agreeing on a roadmap to advance their diplomatic engagement.

The talks, which lasted through the night, focused on nuclear energy issues and built upon a mutual understanding reached earlier in June.

Pakistan served as a mediator during the discussions.

Iran’s foreign minister characterized the outcome as a step forward, signaling a constructive tone after months of tense relations.

The agreement represents a foundational move toward a more formalized peace process, though details of the roadmap remain undisclosed.

Market participants are likely to view the development as a positive signal for de-escalation in the Middle East.