Negotiations between Washington and Tehran aim to reduce military escalation risks amid rising geopolitical uncertainty.
The US and Iran are discussing a potential diplomatic agreement to de-escalate tensions, as the White House seeks alternatives to conflict. The talks follow months of heightened military posturing in the Middle East, including strikes and counterstrikes in the Gulf region.
Recent weeks saw increased backchannel communications, with both sides signaling openness to negotiations. Analysts note that a deal could stabilize oil markets, which have fluctuated due to supply disruption fears linked to regional instability.
Markets remain cautious, with crude futures reacting modestly to reports of progress, as details of any agreement remain unclear.