Cyprus Mail29 Jun 2026

Progress towards normality, but energy markets remain far from normal

The first round of high-level US-Iran talks in Lucerne produced cautious but meaningful progress towards restoring stability in one of the world’s most important energy regions.

Both sides described the discussions as constructive and agreed to continue technical negotiations aimed at reaching a comprehensive agreement within 60 days. Washington temporarily eased sanctions on Iranian oil exports, while Tehran committed to maintaining freedom of navigation through the Strait of Hormuz and...

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