The United States and Iran are set to resume peace negotiations in Doha, Qatar, today, marking a significant diplomatic pivot after weeks of heightened military confrontation in the Persian Gulf.
US President Donald Trump confirmed the meeting on Truth Social, signaling a renewed commitment to dialogue despite recent setbacks in the ongoing peace process.
The talks follow a round of discussions in Switzerland last week, which mediators described as taking place in a "positive and constructive atmosphere."
The resumption of talks comes as markets closely monitor the Strait of Hormuz, a critical chokepoint for global oil and gas supplies.
Recent strikes and tensions in the region had raised fears of prolonged shipping disruptions, prompting scrutiny of alternative routes off Oman.
The agreement to cease hostilities and restart diplomacy aims to stabilize the corridor, which handles a substantial portion of the world's seaborne oil trade.
Any sustained de-escalation could alleviate supply-side risks that have weighed on energy markets and freight rates.