President Trump announced “very good discussions” between the US and Iran following a full day of negotiations, suggesting a potential resolution to their five-month conflict. The discussions are raising hopes for a quick de-escalation of tensions in the region. News of the positive dialogue immediately impacted global markets, with oil prices decreasing and stock markets rising in Asia. Wall Street had already reacted favorably, achieving record highs on Tuesday. A key focus of the talks appears to be restoring free passage through the strategically vital Strait of Hormuz, currently experiencing blockades. This development signals a potential shift in the ongoing power struggle between the two nations, offering a glimpse of possible diplomatic solutions.