"We're very close. I would say an agreement would be signed on Monday, Tuesday or Wednesday of this coming week. And now this takes place," Trump told Fox News.
US President Donald Trump announced a finalised peace deal between the US and Iran, set for signing on June 19 in Switzerland, with key figures like J D Vance, Steve Witkoff, and Jared Kushner from the US side, and Abbas Araghchi and Mohammad Bagher Ghalibaf representing Iran, alongside Pakistani mediators Field Marshal Asim Munir, Shehbaz Sharif, Ishaq Dar, and Mohsin Naqvi, playing crucial roles in the diplomatic breakthrough.
A recently finalised peace deal between the US and Iran, set to be signed on June 19, is expected to significantly benefit India's economy by boosting exports to West Asia, stabilising the rupee, and easing inflationary pressures, according to exporters and experts.
The US and Iranian delegations left Pakistan after failing to reach an agreement in historic talks aimed at resolving the West Asia conflict and stabilising global energy markets.
Indian stock markets, including the Sensex and Nifty, rebounded significantly, driven by a decline in crude oil prices and positive global cues stemming from hopes of diplomatic progress in US-Iran negotiations.
The Indian rupee depreciated by 28 paise to settle at 93.44 against the US dollar, influenced by ongoing uncertainties surrounding West Asia peace negotiations, volatile crude oil prices, and the Reserve Bank of India's recent adjustments to non-deliverable forward market regulations.
Indian benchmark indices, Sensex and Nifty, saw a significant rebound in early trade, driven by a decline in crude oil prices. This drop followed US President Donald Trump's announcement of progress in negotiations with Iran towards an agreement to end the war, leading to a temporary pause in 'Project Freedom' to escort ships through the Strait of Hormuz. Track Nifty 50 and BSE Sensex performance and key global triggers.
Pakistan has increased security measures in Islamabad and surrounding areas as the US and Iran prepare for another round of peace talks. The move follows an announcement by former US President Donald Trump that American negotiators would be in Pakistan for discussions aimed at resolving the conflict between the two nations.
The United States and Iran are engaged in indirect talks aimed at developing a framework for a possible agreement, according to Iran's ISNA News Agency. Intensive mediation efforts are underway, but it remains uncertain whether a final agreement is within reach.
The Gulf countries on Monday welcomed a peace deal reached between the US and Iran to end their conflict and called for protection of maritime routes and freedom of international navigation, including the uninterrupted flow of traffic through the Strait of Hormuz.
US President Donald Trump has dismissed media reports suggesting that diplomatic negotiations between Washington and Tehran have stalled, maintaining that dialogue persists despite intensifying geopolitical friction across the Middle East.
Direct talks between the US and Iran, mediated by Pakistan, have failed to produce an agreement after 21 hours of negotiations, with disagreements over Iran's nuclear ambitions and sanctions proving insurmountable.
The meeting follows a ceasefire agreement that was announced and welcomed by Shehbaz Sharif, who also extended invitations to both delegations for further negotiations.
The United States and Iran could resume negotiations as early as next week in Islamabad, according to a report by The Wall Street Journal citing people familiar with the matter.
Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.
A high-stakes memorandum for a 60-day ceasefire between the United States and Iran is in its final stages, with negotiators working to close remaining gaps and avert further escalation in the region, including reopening of the Strait of Hormuz and the resumption of Iranian oil sales, according to an Axios report citing US officials.
'Actual implementation of the 14-point agreement is proving hard to achieve let alone striking and sustaining a long-term treaty or deal.'
US Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi are reportedly heading to Switzerland for a new round of US-Iran negotiations, following a recently announced memorandum of understanding to end hostilities in West Asia and a ceasefire between Israel and Hezbollah.
The harsh truth is that the US is no longer a reliable partner, cautions Ramesh Menon.
The latest development comes as diplomatic efforts between Washington and Tehran continue despite renewed hostilities. CNN reported that US and Iranian officials are still working towards a nuclear agreement by mid-August, even as preparations for possible military action have continued in parallel.
Crude oil prices reached a new record high in futures trade, both domestically and internationally, as escalating military tensions between the US and Iran in West Asia continue to fuel market volatility. Diplomatic efforts concerning the Strait of Hormuz are being closely watched for potential price stabilisation.
Crude oil prices experienced a significant drop following the announcement of a US-Iran ceasefire and the reopening of the Strait of Hormuz, leading to heavy selling by traders.
India significantly increased its crude oil imports from Russia and the United Arab Emirates in June, securing supplies as the Strait of Hormuz began to reopen, with Russian barrels remaining attractive due to discounts and UAE supplies offsetting earlier uncertainties.
Pakistan is playing a key role in facilitating talks between the US and Iran, but the future of these negotiations remains uncertain. Despite ongoing diplomatic efforts, no dates have been set for a second round of discussions.
US President Donald Trump indicated that a peace deal with Iran is possible, but stressed that military action remains an option if talks fail. He emphasised the need for guarantees against nuclear weapons in any agreement.
FPIs have already withdrawn Rs 2.6 trillion from Indian equities in 2026, exceeding the outflows recorded in any previous full calendar year.
Iranian President Masoud Pezeshkian is on a state visit to Pakistan to discuss the full implementation of an agreement signed between Iran and the US, alongside regional and international developments. The visit also aims to strengthen bilateral cooperation across various sectors, following recent high-level talks between the US and Iran in Switzerland regarding regional security.
Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a positive trend in global markets, cooling crude oil prices following a US-Iran peace deal, and fresh foreign fund inflows.
India's exports reached a six-month high, growing by 18 per cent to USD 45.2 billion in May, driven by electronic goods, petroleum products, engineering items, and pharmaceuticals. However, the trade deficit widened to USD 28.21 billion due to a 10 per cent rise in imports, particularly petroleum products and gold, amidst surging crude oil prices.
Indian benchmark indices Sensex and Nifty recovered early losses to trade higher, supported by encouraging developments on the geopolitical front, specifically the US-Iran peace deal, and easing crude oil prices.
Talks between Iran and the US in Pakistan concluded without a deal due to disagreements over key issues, including Iran's nuclear programme and sanctions, despite efforts to find common ground.
A US-Iran memorandum of understanding is set to be signed, outlining sanctions relief, the reopening of the Strait of Hormuz, and a 60-day negotiation window for Iran's uranium enrichment, but US President Donald Trump has underscored the deal's conditional nature, warning of military action if Tehran fails to comply.
Prime Minister Narendra Modi held a telephonic conversation with Iranian President Masoud Pezeshkian, discussing recent developments in West Asia and reiterating India's emphasis on the importance of freedom of navigation in the Strait of Hormuz. Modi welcomed the recent peace understanding between the US and Iran, stressing dialogue and diplomacy for regional stability. India will also send representatives to the burial ceremonies of Iran's late Supreme Leader.
As the negotiations continued, the Iranian government said on social media that "talks between Iran and the US in Islamabad entered the expert-level stage as economic, military, legal, and nuclear committees joined in".
Gold prices surged in futures trading due to escalating US-Iran tensions, driving demand for the safe-haven asset.
Analysts predict that inflation data, the US Federal Reserve's interest rate decision, and crude oil price trends will be the primary factors influencing the movement of Indian stock markets. Geopolitical developments, particularly the US-Iran deal, and foreign investor activity will also play a crucial role.
Pakistan's Chief of Defence Forces Field Marshal Asim Munir held talks with Iranian leaders in Tehran to help resolve the conflict between the US and Iran, following a recent ceasefire agreement.
US President Donald Trump said on Wednesday that Washington is considering a "joint venture" with Iran to secure the Strait of Hormuz, following his announcement of a two-week ceasefire.
Prime Minister Narendra Modi has called for a swift end to the conflicts in West Asia and Ukraine, emphasising the importance of dialogue and diplomacy. He made the remarks after talks with Finnish President Alexander Stubb, where they also agreed to a strategic partnership in digitalisation and sustainability.
At the Iran-Belgium FIFA World Cup match, least one attendee wearing a pre-revolutionary flag shirt was detained for trying to run onto the pitch and Iranian player Alireza Jahanbakhsh said after the match that he doesn't want to keep focusing on the challenging situations faced by his team.
