Iran has communicated a three-stage negotiation process to the US through intermediaries, according to Al Mayadeen citing Iranian reports
- "There is a new formula being talked about in Iran, and negotiations can resume if Washington accepts it"
First stage:
- Focuses on ending the war and receiving guarantees to prevent its recurrence against Iran and Lebanon.
- Tehran will not discuss any other files in the first stage
Second stage:
- If an agreement is reached in the first stage, the second stage will be focused on the management and administration of the Strait of Hormuz.
- Full coordination will be done with the Omani side to develop a new legal system.
Third stage:
- Nuclear issues.
Context
The announcement of a three-stage negotiation process between Iran and the US signals a potential path to de-escalate tensions in the region. The first stage prioritizes security guarantees, which could have implications for geopolitical stability and energy markets, particularly around the vulnerable Strait of Hormuz. Should negotiations progress, it could alleviate some supply concerns in the oil market, impacting WTI prices and broader commodity sentiment.
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