Egypt and Kuwait have called for a de-escalation of tensions and a return to negotiations between the United States and Iran regarding Tehran’s nuclear program. These talks are hindered by disagreements over the status of frozen Iranian assets and the strategic Strait of Hormuz. Gulf states and mediators, particularly Qatar and Oman, continue to facilitate dialogue through indirect channels to keep diplomatic efforts alive. Market pricing reflects an increased probability of future diplomatic meetings, potentially in the UAE.
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