Mediators pursue Iran-US deal in back channel diplomacy, FT reports

The reports of back channel diplomacy between the US and Iran signal a potential thaw in relations, which is critical given the geopolitical tensions surrounding oil and Middle Eastern stability.

Newsquawk StaffPublished 13 Apr 2026, 15:59 UTCOn the live feed at 15:39 UTC — 7 more headlines followed before this page went public

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15:43

Iran Defence Ministry spokesperson says any military intervention by foreign powers in the security of the Strait of Hormuz would escalate the crisis and instability in global energy security

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Iran Lawmaker says a draft bill “Strategic Action for the Security of the Strait of Hormuz,” aims to redefine Passage rules through the key waterway

15:39

Mediators pursue Iran-US deal in back channel diplomacy, FT reports

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Ukraine's drone force commander says struck chemicals plant in Russia's Vologda region

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US sells 6-month bills at a high rate of 3.610%, B/C 2.84x; sells 3-month bills at a high rate of 3.62%, B/C 2.77x

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The push from mediators comes after high-level negotiations over the weekend failed to reach a deal.
But behind the scenes, there are “active talks” ongoing through Pakistan to extend the ceasefire and secure a more permanent deal, one Pakistani diplomat said.
A second non-Pakistani diplomat said the US and Iran were still exchanging responses to a potential deal via mediators.

Context

If negotiations progress favorably, we could see immediate impacts on crude oil prices and related markets, as well as shifts in risk sentiment that may benefit havens or emerging market currencies.

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