A post by @FirstSquawk on X.

U.S.-Iranian negotiations have reportedly made significant progress, with Arab diplomatic sources cited by Al-Jadeed saying the direction of the talks will become clearer on Friday. The update, relayed via First Squawk, offers little in the way of concrete terms, leaving markets to trade on the prospect of a breakthrough rather than its details. The headline matters because any easing of U.S.-Iran tensions feeds directly into crude pricing and broader risk sentiment, while a collapse would do the opposite. Traders will watch Friday's readout for confirmation of the reported progress and for any signal on sanctions relief, the key variable for oil supply expectations.