US and Iran Make ‘Progress’, Aim to Keep Hormuz Open

The US and Iran reported "encouraging progress" in peace talks and will continue technical-level discussions this week, according to mediators Qatar and Pakistan. The update is constructive but still early-stage, with no final agreement announced. The main market relevance is geopolitical, as further progress could reduce regional risk premia across energy and broader risk assets.

Analysis

The US and Iran reported "encouraging progress" in peace talks and will continue technical-level discussions this week, according to mediators Qatar and Pakistan. The update is constructive but still early-stage, with no final agreement announced. The main market relevance is geopolitical, as further progress could reduce regional risk premia across energy and broader risk assets.