finance
U.S. and Iran Report Progress in Switzerland Talks
U.S. and Iranian negotiators said they reached agreements on a de-confliction cell for Lebanon and a 60-day roadmap toward a final deal. Oil prices fell after the statements while equity futures showed mixed moves.
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U.S. and Iranian officials said talks in Switzerland produced agreements on a Lebanon de-confliction cell and a high-level committee to oversee a 60-day path to a final accord. The two sides also established a communication line to keep the Strait of Hormuz open for shipping. Iran agreed to invite nuclear inspectors, according to statements released after the sessions.
Brent crude futures fell 1.6 percent and WTI crude dropped 0.8 percent after the diplomatic updates. S&P 500 futures edged 0.1 percent lower while Nasdaq 100 contracts rose 0.1 percent in early trading. Asian equity indexes climbed to records, led by technology shares in Taiwan, Japan and South Korea. European shares finished little changed.
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" — Tasnim, citing Iranian sources.
