Markets trade higher as reports of progress in US-Iran peace efforts reduce near-term energy and inflation fears. Multiple outlets report that Brent crude slips, falling below about $80 a barrel, alongside a broader “risk-on” rally in equities. European and US stock markets climb to fresh highs, with gains attributed to expectations that a potential deal could reopen key energy trade routes and ease supply disruptions. Coverage also links price moves to developments around sanctions: the US is reported to lift or waive parts of sanctions affecting Iranian oil exports, allowing Tehran to sell more oil and fuel if arrangements hold. Several sources describe the talks process as ongoing and fluid, with uncertainty remaining, and some mention regional context and timelines discussed by negotiators and participating countries. Other energy-focused reporting highlights that even with an agreement, experts expect any recovery in oil and gas supply to be slower than markets may anticipate, suggesting price volatility could persist. Overall, the news flow centers on progress in negotiations, sanctions changes tied to Iranian exports, and resulting shifts in oil prices and equity sentiment.