Indirect talks are taking place between US Envoy Witkoff and Iranian Foreign Minister Araghchi, Axios reports citing sources
- The foreign ministers of the three countries held separate talks with White House envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi, the U.S. source said.
- A U.S. source said Turkey, Egypt, and Pakistan have been passing messages between the U.S. and Iran over the past two days
Context
The ongoing indirect talks between U.S. Envoy Witkoff and Iranian Foreign Minister Araghchi signal a potential thaw in U.S.-Iran relations, which could have significant implications for energy markets, especially regarding WTI prices. If these discussions lead to any breakthroughs, it might lessen tensions and impact the broader geopolitical landscape, affecting not only commodity prices but also risk sentiment in broader markets.
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