US Vice President JD Vance has indicated that high-level diplomatic talks with Iranian officials have moved beyond initial friction to establish a workable basis for a final agreement ending the ongoing conflict.
Speaking on Monday, Vance characterized the negotiations as "rocky but productive," noting that specific agreements were reached during the sessions in Switzerland.
The comments mark a tangible shift in the diplomatic posture toward Tehran, moving from prolonged stalemate to active deal-making.
For markets, the signal reduces the immediate probability of further escalation, which has been a key driver of volatility in energy and defense sectors.
While no formal treaty has been signed, the acknowledgment of a "good foundation" suggests that a ceasefire or broader settlement is now within reach.
Traders are likely to monitor the reaction in Brent crude and defense stocks as the news digests.