Middle East still on edge ahead of talks in Washington

U.S. and Iranian negotiators have reportedly reached a tentative 60-day extension of the ceasefire, with talks on Iran’s nuclear program set to begin in Washington. The development reduces immediate escalation risk but leaves the broader geopolitical situation fragile and unresolved. Markets may view this as a near-term de-escalation, though ongoing uncertainty around Iran and the Middle East remains elevated.

Analysis

U.S. and Iranian negotiators have reportedly reached a tentative 60-day extension of the ceasefire, with talks on Iran’s nuclear program set to begin in Washington. The development reduces immediate escalation risk but leaves the broader geopolitical situation fragile and unresolved. Markets may view this as a near-term de-escalation, though ongoing uncertainty around Iran and the Middle East remains elevated.