An Iranian official has begun mediation talks in Pakistan aimed at reviving the collapsed ceasefire agreement between Tehran and Washington.
The meetings, which started on Tuesday, mark a renewed diplomatic push to stabilize relations after the provisional deal fell apart earlier this month.
Multiple wire services are reporting that mediators are working to bridge the gap between the two nations, with Pakistan serving as the neutral ground for these critical discussions.
The resumption of talks comes as markets digest the potential for de-escalation in the Middle East.
Brent crude prices have been volatile in recent sessions, reflecting the delicate balance between supply disruption fears and the prospect of a diplomatic resolution.
Investors are closely monitoring the outcome of these negotiations, as a successful truce could ease shipping risks in the Strait of Hormuz and support a moderation in energy prices.