US President Donald Trump confirmed that diplomatic talks with Iran are scheduled to commence on Monday, though he has declined to set a specific deadline for a final agreement.
The announcement follows a period of heightened tension in West Asia, with global oil prices dropping by over 4% following the cancellation of planned military strikes.
Tehran has urged the US to honor existing Memorandums of Understanding (MOU) as both nations prepare to engage in high-stakes negotiations to de-escalate regional conflict.