Iran-US peace talks show 'encouraging progress,' mediators say

• Mediators Qatar and Pakistan reported "encouraging progress" in US-Iran peace talks.
• A preliminary agreement was signed last week, opening a 60-day window for a final deal.
• A communication line to ensure safe passage through the Strait of Hormuz has been established.
• The US and Iran agreed to a 60-day roadmap for a peace deal.
• The roadmap includes sanctions waivers for oil and petrochemical exports.
• A de-confliction cell for Lebanon will be created following US-Iran negotiations.
• The agreement aims to ensure adherence to the termination of military operations in Lebanon.
• Iran announced significant progress in diplomatic efforts to end the war in Lebanon.
• Emerging market stocks reached a new record high following the agreement.
• The development led to a fall in oil prices.
• US-Iran talks were paused after President Trump issued a "threatening statement."
• The nuclear program was excluded from discussions.

Mediators Qatar and Pakistan have announced "encouraging progress" in US-Iran peace talks, outlining a 60-day roadmap for a potential final deal. A preliminary agreement was signed last week, establishing a communication line for safe passage through the Strait of Hormuz. The roadmap includes sanctions waivers for oil and petrochemical exports and the creation of a de-confliction cell for Lebanon. This cell aims to ensure adherence to the termination of military operations in Lebanon and stop fighting in the region. Iran announced "major progress" in diplomatic efforts to end the war in Lebanon following high-level talks with the United States. The progress in these talks has led to a fall in oil prices and boosted emerging market stocks to a new record high. However, the US-Iran talks have faced obstacles, and the nuclear program was excluded from discussions. Talks were temporarily paused after President Trump issued a "threatening statement." Broader US-Europe discussions on China involve the RMB's exchange rate, and Washington has expressed concern over advanced chip technology reaching China.