Pakistani officials said Abbas Araghchi will arrive in Islamabad as officials anticipate possible U.S.-Iran talks, though the White House has not confirmed any meeting and markets are watching geopolitical and oil-price implications.
Iran Foreign Minister Abbas Araghchi is expected to travel to Islamabad, Pakistan, on Friday, according to Pakistani officials, amid reports of a possible diplomatic opening involving the United States and Iran. An Iranian diplomatic source said preparations for possible talks could see a breakthrough on April 23, while Pakistani sources said Araghchi would arrive with a small delegation. Officials were described as anticipating a second round of U.S.-Iran peace talks, but the White House has not confirmed any meeting, leaving the status, agenda, participants, and timing unclear. Oil prices fell on the prospect of diplomacy, reflecting reduced near-term geopolitical risk, while Haitong Futures said oil could reach a yearly high if no progress is made by late April and fighting resumes.