Diplomatic efforts between the United States and Iran are back in focus after President Donald Trump said negotiations would take place on Monday. The talks follow the decision to suspend a planned US strike, with Washington seeking progress on issues including Iran’s nuclear programme and navigation through the Strait of Hormuz.
The development has provided some relief to global financial markets because the Strait of Hormuz is a crucial energy corridor. Any prolonged disruption there could affect crude supplies, shipping costs and inflation worldwide. For investors, the success or failure of the talks could therefore influence oil, gold, currencies and equity markets in the days ahead.
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