Rubio Signals Progress in US-Iran Talks on Strait of Hormuz

US Secretary of State Marco Rubio said there has been progress in negotiations with Iran and Oman regarding increased maritime traffic through the Strait of Hormuz, according to the Guardian. However, he noted that no final agreement has been achieved yet.

The Strait of Hormuz is a critical chokepoint for global oil shipments, and any deal could ease geopolitical tensions in the region. Rubio suggested that an agreement might come "very shortly," but provided no specific timeline.

Markets are watching for any signs of de-escalation that could affect energy prices and risk sentiment.