A US-Iran peace framework reportedly includes provisions that would allow Tehran to resume immediate oil sales, a development that removes the most significant supply-side constraint on global energy markets.
The reported terms signal a rapid normalization of Iranian exports, which had been effectively frozen during the recent conflict phase.
The prospect of Iranian crude re-entering the market within days, rather than months, has shifted the supply-demand calculus for traders.
Markets are now repricing the near-term availability of a major OPEC producer, reducing the risk premium that had been embedded in energy and shipping rates due to the threat of prolonged disruption.
This development follows weeks of intense diplomatic activity aimed at ending the hostilities that threatened to close the Strait of Hormuz.
The framework, which has been communicated to Iranian authorities by US officials, appears to offer a pathway for Tehran to reintegrate into global energy markets while securing a ceasefire.