Iran Cites Gaps in US Talks, Links Hormuz Security to Ceasefire Terms

A senior Iranian official has highlighted that significant differences remain in negotiations with the US, particularly regarding nuclear issues. Iran has conditioned the continued openness of the Strait of Hormuz on strict adherence to ceasefire terms, injecting fresh geopolitical risk into the markets. Despite these hurdles, there is a possibility of reaching a preliminary deal within the coming days, which could open the door for discussions on sanctions relief and war damages. These developments led to a slight bounce in oil prices and a minor pullback in equities as traders weighed the 'imminent deal' narrative against renewed threats. Investors remain cautious, balancing the potential for a diplomatic breakthrough against the risks of maritime disruption. The situation continues to evolve as both sides manage expectations in the final stages of talks.