The United States has pledged to safeguard the interests of Gulf states as diplomatic efforts intensify to secure a lasting resolution to the conflict in West Asia.
This assurance comes as negotiators from Washington and Tehran work toward finalizing a comprehensive agreement, marking a significant shift in the ongoing geopolitical standoff.
According to reports, U.S. and Iranian officials are close to agreeing on a 60-day extension of the current ceasefire.
The proposed framework reportedly includes provisions for future nuclear negotiations, aiming to de-escalate tensions that have persisted for months.
This development follows recent high-level talks in Switzerland, where U.S. Vice President JD Vance addressed the path toward ending the war in the Middle East.
For markets, the prospect of a stabilized ceasefire offers a potential reduction in the geopolitical risk premium that has weighed on energy and shipping sectors.