Iran says significant progress has been made in ongoing negotiations with the United States, raising hopes for a potential agreement that could reduce tensions in the Middle East and stabilise global energy markets.
Speaking on Monday, Iranian Foreign Ministry spokesman Esmail Baghaei said a “large portion” of the obstacles in discussions with the United States had been resolved, although he cautioned that it was still too early to confirm a final agreement.
“To say that we have reached a conclusion on a large portion of the issues under discussion would be correct,” Baghaei told reporters.
The remarks came after Donald Trump said negotiations were “proceeding in an orderly and constructive manner,” fuelling speculation that both sides are moving closer to a deal.
Emerging details suggest the agreement could help formally end the ongoing conflict and pave the way for the reopening of the strategically important Strait of Hormuz.
The waterway, one of the world’s most critical oil shipping routes, was effectively closed by Iran following U.S. and Israeli air strikes on Iranian targets on February 28.
The conflict triggered widespread concern across global energy markets, leading to disruptions in oil supplies and increased fears of a prolonged regional crisis.
Although a fragile ceasefire has reportedly remained in place since April 7, uncertainty over the conflict has continued to affect economies and security across the Middle East.
The possible reopening of the Strait of Hormuz is expected to ease pressure on global energy markets and restore confidence among international traders and investors.
The war also heightened fears in Gulf nations after Iranian missile and drone attacks targeted areas linked to regional transport and economic activity, including locations in the United Arab Emirates.
Diplomatic observers say any breakthrough between Washington and Tehran could mark a major shift in regional relations and reduce the risk of further military escalation.
