US President Trump confirmed active discussions with Iran regarding tariff and sanctions relief. This move is analyzed as a shift from the previous 'maximum pressure' strategy to a more transactional negotiation approach. These talks are expected to have far-reaching implications for regional stability and energy markets.
Energy stocks fell after the US President announced a temporary suspension of military actions against Iran. The ceasefire and reopening of key maritime passages removed the risk premium supporting energy prices. With discussions on easing sanctions underway, global oil supply projections shifted from a shortfall to a potential glut.