- U.S. and Iranian officials are expected to meet in Switzerland this Friday to sign an initial diplomatic agreement.
- The proposed deal is intended to initiate a 60-day cease-fire between the parties.
- Traders are closely monitoring these peace talks as oil prices remained muted ahead of the meeting.
Quotes
“Traders are waiting for U.S. and Iranian officials to meet in Switzerland on Friday, when they are expected to sign an initial agreement and begin a 60-day cease-fire.”