Hopes for an agreement to end the war with Iran are growing, buoyed by recent diplomatic progress, even though major disagreements remain, particularly on the Iranian nuclear program.
According to sources close to the negotiations, progress has been made on several sensitive points, thanks to the mediation of Pakistan's army chief, Asim Munir, who traveled to Tehran to revive discussions after previous talks failed.
The United States, backed by Islamabad, is showing increasing optimism about reaching an agreement. The president Donald Trump He stated that a compromise would notably allow the reopening of the Strait of Hormuz, a crucial waterway through which approximately one-fifth of global oil and gas supplies pass.
The closure of this maritime passage triggered a major oil shock, contributing to high market volatility and prompting the International Monetary Fund to revise its global economic forecasts downward. The institution warned of a risk of recession should the conflict continue.
Despite these advances, Iranian authorities stressed that fundamental differences regarding their nuclear program remained entirely unresolved, constituting the main obstacle to a final agreement.
In this context, financial markets reacted positively to the prospects of de-escalation, with global indices reaching record levels. However, the outcome of the negotiations will depend on the parties' ability to overcome the persistent deadlock on nuclear issues.
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