IEA warns US‑Iran tensions could hinder oil supply recovery

A ceasefire between the warring parties is reportedly poised for revival, according to sources familiar with the negotiations. The proposal comes as hostilities have temporarily subsided, creating a window for diplomatic engagement that was previously blocked by intense fighting.

Sources say that back‑room talks have been conducted by senior officials from both sides, with intermediaries from neutral states facilitating the dialogue. The discussions focus on a phased withdrawal of forces, the establishment of a monitoring mechanism, and the reopening of humanitarian corridors. Analysts note that the lull in combat operations has provided the necessary conditions for these negotiations to progress, while also allowing international observers to assess the feasibility of a sustained truce.

If the ceasefire is accepted, it could mark a significant shift in the conflict’s trajectory, potentially paving the way for a broader peace settlement. The parties have agreed to a provisional timetable, with a formal announcement expected within the next few days. The international community is watching closely, as a successful truce would relieve pressure on civilian populations and create a platform for further diplomatic initiatives.