US and Iran Conclude Initial Peace Talks, Agree on Roadmap and Oil Exemptions

The United States and Iran have completed their first round of high-level peace talks in Switzerland, facilitated by Qatar and Pakistan. The discussions resulted in a 60-day roadmap aimed at de-escalating their conflict and establishing a mechanism to end hostilities in Lebanon. Iran also secured exemptions for oil and petrochemical exports and the release of frozen assets, with implications for global energy markets.