The first round of US-Iran negotiations concluded in Switzerland, signaling progress towards a potential agreement. Technical teams from both countries will now focus on detailed discussions regarding sanctions relief, Iranian oil exports, and the release of previously frozen Iranian funds. A 60-day roadmap has reportedly been established to guide these further negotiations. A key element under discussion involves ensuring freedom of navigation in the Strait of Hormuz, a vital global oil transit route. The talks represent a renewed effort to de-escalate tensions between Washington and Tehran. Market reactions are being closely monitored as the negotiations progress, with potential implications for global energy prices. This development marks a significant step, though a final agreement remains uncertain.