A joint statement released by Qatar and Pakistan on Monday, which are facilitating the negotiations, said both sides had agreed to a 60-day roadmap aimed at reaching a final agreement on key issues, including Iran’s nuclear programme and regional security concerns.

According to the statement, technical discussions will continue throughout the week at a resort in Buergenstock, as negotiators work to define the practical details of a potential deal.

The talks opened under strain, with Iran announcing it had again closed the Strait of Hormuz, a strategic shipping route for global oil supplies. The move heightened concerns over energy markets and global economic stability.

US President Donald Trump responded by repeating earlier warnings, saying Washington could resume military action if Iran attempted to restrict the waterway.

Reports indicate Trump also suggested the US could seek control over the strait and impose tolls on shipping, reflecting the high stakes surrounding the negotiations.

Despite these tensions, officials said both sides opted to proceed with dialogue, with mediators framing the agreement on a roadmap as an early sign of progress.

The White House did not immediately confirm whether political-level talks had formally concluded, although the continuation of technical discussions suggests negotiations remain active.

Trump has previously said the memorandum of understanding reached last week was aimed at preventing a broader economic crisis, particularly in light of rising oil prices triggered by disruptions in the Strait of Hormuz.

Markets responded quickly to signs of de-escalation. Oil prices, which had surged earlier in the conflict, continued to decline following news of the talks and the proposed roadmap.

Brent crude fell by more than a Dollar to trade at approximately $79.44 per barrel, extending a downward trend seen over the past week.

–Reuters/ChannelAfrica–