The first round of US-Iran talks as a precursor to reach a final deal to end the Middle East war ended with "encouraging progress," reports quoting mediators say.
Mediators Qatar and Pakistan, which are facilitating negotiations in Switzerland, said in a joint statement Monday that a High Level Committee to oversee a roadmap towards reaching a final deal within 60 days is being set up.
It also says that a "line of communication" has been formed "to avoid incidents and miscommunication with the aim of safe passage for commercial vessels through the Strait of Hormuz."
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Political News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.