Qatar and Pakistan: High-level committee agrees on roadmap to final deal within 60 days

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The US-Iran peace talks took place on Sunday in Bürgenstock, Switzerland, with delegations from Iran, the United States, Qatar, and Pakistan participating. On Monday, Qatar and Pakistan issued joint statement on conclusion of negotiations, saying that talks conducted in positive, constructive atmosphere

"High Level Committee has agreed upon a roadmap towards reaching a final deal within 60 days, laying the foundation for the immediate commencement of further technical talks," reads the Pak-Qatar joint statement on US-Iran talks in Burgenstock.

Key quotes from joint statement

Encouraging progress includes creation of mechanism for further technical talks.

Establish high-level committee for mediation oversight following MoU.

Chief negotiators to provide regular updates to high-level committee.

High-level committee agrees on roadmap to final deal within 60 days.

Parties agreed to establish de-confliction cell involving Lebanon, with mediator support to ensure termination compliance.

Market reaction

Crude oil prices attract some sellers following this headlines. At the time of writing, the West Texas Intermediate (WTI) is down 1.08% on the day at $75.60.

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