According to Iran state media, a 60-day period of talks is set to begin, with the negotiations focused on nuclear matters. The announcement was carried by Iranian state media, signaling a diplomatic engagement centered specifically on nuclear-related issues. No further details regarding the participating parties, location, or precise agenda were provided in the available report.

Key Details of the Announcement

The following summarizes the information as reported by Iran state media:

Background

The report from Iran state media indicates that the upcoming talks will be specifically oriented toward nuclear matters, spanning a defined period of 60 days. The state media announcement does not elaborate on the format, participants, or expected outcomes of the discussions. As reported, the talks represent a structured diplomatic process with a clear thematic focus on nuclear issues.

The information available is limited to what has been conveyed through Iran state media, and no additional context or corroborating details have been provided in the source material.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned on Thursday that wrong strategies and impulsive decisions could devastate energy infrastructure and create an endless quagmire lasting years. The statement countered President Donald Trump's claim that a peace agreement had been approved, highlighting the fragility of ongoing negotiations and the potential for severe economic consequences.

Warning Against Escalation

Ghalibaf stated in a post on X that miscalculations would reset the entire board for the worse, explode energy infrastructure and markets, and create a crisis that policymakers would be stuck in for years. He cautioned that further pressure could trigger a tougher response from Tehran, signaling that investors would see a different Iran if negotiations faltered. The remarks underscored the high stakes for energy markets, which remain highly sensitive to developments in the region.

Conflicting Reports on Deal Progress

Trump claimed on Truth Social that he canceled planned strikes against Iran after negotiations received approval from the country's highest leadership. However, Reuters reported, citing Iranian media outlets, that Tehran had not yet reached a final decision on the proposed agreement. On Wednesday, Trump indicated that additional military action could follow if Tehran fails to reach an agreement, coinciding with Iran's announcement of the closure of the Strait of Hormuz.

Energy Markets at Risk

Markets have reacted sharply to the conflict, with Brent crude falling to a nearly two-month low of $89 per barrel on Friday as investors welcomed signs of progress. However, Ghalibaf's warning carries particular weight due to Iran's influence over the Strait of Hormuz, a critical chokepoint for global energy shipments. Roughly one-fifth of global energy shipments normally pass through the waterway, making any threat to regional infrastructure a major concern for oil traders and policymakers. A breakdown in negotiations could quickly reverse the recent pullback in oil prices, renewing fears of economic fallout from a prolonged conflict.