Negotiators review draft statement after in-depth discussions to secure maritime passage amid nuclear deal talks.
US and Iranian officials held detailed negotiations on a nuclear agreement, emphasizing mechanisms to prevent escalation and ensure the Strait of Hormuz remains open. The talks covered all elements of the deal, with a joint statement expected soon from participating parties, including mediators.
The Iranian delegation remains at the Bürgenstock resort, where its head is reviewing the draft statement with mediators. Previous rounds of talks had stalled over sanctions relief and verification measures, but recent progress suggests a potential breakthrough.
Markets are monitoring developments for potential impacts on oil supply and regional stability, though no immediate price reaction has been observed.