US and Iranian negotiators have reported "major progress" following all-night talks in Switzerland, signaling a potential de-escalation in tensions that have weighed on global markets.
The two sides remained at the Bürgenstock venue through the night, working to mend fences after a recent walkout precipitated by former President Donald Trump.
The development comes as markets have been pricing in persistent geopolitical risk, particularly regarding shipping routes through the Strait of Hormuz.
Any credible movement toward a nuclear agreement or broader diplomatic thaw is likely to support risk assets and ease pressure on energy prices, which have been volatile amid fears of supply disruption.
Handelsavisen’s archive context indicates that previous rounds of talks had already shown signs of progress despite heightened political pressure.
The current session appears to build on that momentum, with both delegations indicating a willingness to continue discussions on site.