A Pakistani source involved in US-Iran mediation said on Friday there was progress in backdoor diplomacy and that an upcoming meeting between the two sides could result in the signing of an agreement, Reuters reports

The reported progress in US-Iran backdoor diplomacy could signal a potential easing of tensions, which might have implications for regional stability and oil markets.

Newsquawk StaffPublished 17 Apr 2026, 07:29 UTCOn the live feed at 07:09 UTC — 3 more headlines followed before this page went public

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A Pakistani source involved in US-Iran mediation said on Friday there was progress in backdoor diplomacy and that an upcoming meeting between the two sides could result in the signing of an agreement, Reuters reports

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.The two sides would first sign an MoU, followed by a comprehensive agreement within 60 days, the source said.
A diplomatic source said the key Pakistani mediator, army chief Field Marshal Asim Munir, had been holding talks in Tehran since Wednesday and had made a breakthrough on "sticky issues"
Two Iranian sources said there were signs of a compromise on the HEU stockpile, with Tehran considering shipping part of it out of the country.

Context

If an agreement is finalized, particularly involving Iran's HEU stockpile, it may reduce uncertainties for investors and influence broader risk sentiment across asset classes, especially in commodities and currencies linked to geopolitical stability.

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