22.06.2026 06:40
Positive signals from the US-Iran talks in Switzerland, mediated by Qatar and Pakistan and lasting approximately 18 hours, created relief in global markets. The parties making progress in negotiations and agreeing on a final deal target within 60 days limited the rise in oil prices. Brent crude fell to $79.37, while losses in stock markets were largely balanced.
Positive messages from the first round of US-Iran talks, mediated by Qatar and Pakistan in Bürgenstock, Switzerland, created relief in global markets.
After approximately 18 hours of negotiations, the mediator countries Qatar and Pakistan announced that 'encouraging progress' had been made in the talks. The parties reportedly made progress on critical issues such as the security of the Strait of Hormuz, the ceasefire in Lebanon, and Iran's frozen assets.
Although claims emerged that the Iranian delegation protested US President Donald Trump's threatening statements during the talks, it was announced that negotiations continued and the parties agreed on a roadmap aiming for a final agreement within 60 days.
DECLINE IN OIL PRICES
A drop in oil prices was observed following news of progress in the negotiations. Brent crude oil reversed its intraday gains, falling 0.4% to $80.17 per barrel. US crude oil traded at $77.52 per barrel, up 1.2%. Both benchmarks remained below the peak levels seen during the conflicts.
Markets assessed that concerns over the talks failing and regional tensions negatively affecting energy supply had diminished.
LOSSES LIMITED IN GLOBAL STOCK MARKETS
The positive news from the US-Iran talks also eased selling pressure in stock markets. The S&P 500 futures index recovered some of its previous losses, trading 0.2% lower, while the Nasdaq futures index fell 0.3%.
In European markets, the Euro Stoxx 50 futures index recorded a 0.1% decline, while Germany's DAX futures index remained flat. The UK's FTSE futures index rose 0.1%.