Iran's Foreign Minister says we have reached understanding on main principles with the US, the two parties will welcome potential agreement documents and exchange them, does not mean an agreement will be reached soon but the path has started

• Date for the next round of talks with the US have not yet been decided.

The statement from Iran's Foreign Minister indicates some progress in discussions with the US regarding key principles, but it is important to note that this does not guarantee an imminent agreement. The slow-moving nature of negotiations means that while the path to a potential resolution is being established, market participants should prepare for volatility, particularly in energy markets, as any developments could impact oil prices significantly.