Negotiations between the United States and Iran concluded constructively overnight in Switzerland, with both sides reporting "encouraging progress" toward a potential agreement.
The talks, which followed heightened tensions and threats from the US administration, have paved the way for technical discussions to resume later this week.
The development marks a significant shift in the diplomatic landscape of the Middle East.
Pakistan, acting as the intermediary, confirmed the mutual understanding reached by the two parties.
This breakthrough comes after a period of escalating rhetoric, suggesting a renewed willingness to engage in substantive dialogue despite previous impasses.
Markets are likely to monitor the situation closely for signs of sustained de-escalation.