U.S.-Iran Talks See Progress with IAEA Inspector Return Announcement

U.S. Vice President JD Vance reported 'great progress' in talks between the U.S. and Iran, stating that Iran has agreed to allow International Atomic Energy Agency (IAEA) inspectors to return. The discussions have been ongoing in Bürgenstock, Switzerland, despite tensions arising from Iranian actions in the Strait of Hormuz. Vance described the return of inspectors as a 'major milestone' in efforts to denuclearize Iran. The talks aim to prevent further regional escalation and establish a ceasefire involving Hezbollah and Israel, which could impact market perceptions in the defense and energy sectors.