U.S. Vice President JD Vance stated that high-level negotiations with Iranian officials in Switzerland have established a "good foundation" for a final agreement to end the conflict in the Middle East.
The remarks, delivered after the Lake Lucerne Summit, mark a tangible shift in diplomatic momentum following weeks of stalled talks and heightened regional tensions.
Markets responded positively to the signal of de-escalation.
Brent crude futures softened as traders adjusted risk models to reflect a lower probability of sustained shipping disruptions in the Strait of Hormuz.
The repricing reflects a broader easing of the geopolitical risk premium that has weighed on energy and shipping sectors since the conflict intensified.
Investors are now looking for confirmation that the diplomatic progress translates into concrete security guarantees.