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American and Iranian delegations have arrived in Switzerland to conduct technical negotiations under a memorandum signed this week, with the talks aimed at resolving months of regional conflict and reopening critical shipping routes.
Prime Minister Anwar Ibrahim has expressed optimism over initial diplomatic progress between the United States and Iran, calling it a positive development with potential global implications.
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Prime Minister Anwar Ibrahim has welcomed signs of reduced tension between the United States and Iran, while cautioning that geopolitical turmoil inflicts the heaviest toll on economically disadvantaged communities across the globe.
Oil prices edged higher Friday as uncertainty mounted over a lasting US-Iran truce, with cancelled peace talks and Israeli military operations in Lebanon clouding the outlook for regional stability and global energy supplies.
A potential peace agreement between the US and Iran could help stabilise global oil prices, according to Malaysia's Political Secretary to the Finance Minister, though he cautioned that full recovery would require several months.
Prime Minister Anwar Ibrahim has voiced confidence in ongoing US-Iran peace negotiations, stating that a memorandum of understanding could resolve regional tensions. He cited progress reports from Pakistan's leadership and discussions with Russian President Vladimir Putin.
Iran and the United States have formally signed a 14-point memorandum of understanding designed to conclude their ongoing conflict. The agreement, signed digitally by both nations' leaders, will focus on nuclear matters and economic sanctions over a potential 60-day negotiation window.
Prime Minister Anwar Ibrahim has endorsed the emerging US-Iran accord to end hostilities, praising Pakistan's mediation role and emphasising the urgent need to reopen the Strait of Hormuz for global trade.