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American officials tell i24NEWS there is a feeling that we are getting closer to an agreement with Iran - but nothing is final.

The indication of progress towards an agreement with Iran, despite it not being finalized, suggests potential easing of tensions, which could influence energy markets, particularly oil prices.

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Al Jazeera sources report that US-Iran talks are focussing on the Strait of Hormuz at this stage, no current talks on the nuclear situation

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American officials tell i24NEWS there is a feeling that we are getting closer to an agreement with Iran - but nothing is final.

Iranian journalist Gholhaki, speaking on the Axios report, says, "details of a potential Iran-US agreement appears to be distant from reality, at least in the nuclear domain"

Pakistan Foreign Minister says they are trying to make sure the US-Iran ceasefire leads to a permanent end of the war

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Traders should watch for volatility in WTI and related commodities, as any concrete developments may shift sentiment significantly in either direction.

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