Oman: 'We hope to make more progress' in US-Iran talks

Oman: 'We hope to make more progress' in US-Iran talks

Oman: 'We hope to make more progress' in US-Iran talks

Oman has reaffirmed its commitment to facilitating indirect negotiations between the United States and Iran in Geneva, with both parties seeking to address tensions over Iran's nuclear program and potential sanctions relief. The talks, mediated by Omani officials, entered a critical phase on February 26, 2026, as U.S. and Iranian delegations convened under heightened regional tensions and a significant U.S. military buildup in the Middle East.

Oman's Foreign Minister Sayyid Badr Albusaidi emphasized the Sultanate's role in fostering dialogue, stating, "We hope to make more progress in bridging differences and reaching sustainable solutions" according to official statements. The discussions focus on Iran's uranium enrichment activities, which the U.S. seeks to restrict, while Iran insists on its sovereign right to pursue peaceful nuclear technology. Iranian Foreign Minister Abbas Araghchi reiterated Tehran's stance that it will never develop nuclear weapons but will not abandon enrichment as reported.

The U.S. has imposed new sanctions on Iran ahead of the talks, targeting oil exports and ballistic missile networks, as part of its "maximum pressure" strategy. Meanwhile, Iran has warned of severe retaliation if diplomacy fails, citing its readiness to confront U.S. military installations in the region. These developments underscore the high stakes for regional stability and global markets, particularly given the Middle East's pivotal role in oil supply chains.

For investors, the outcome of these talks carries significant implications. A potential agreement could ease sanctions on Iran, boosting its economy and regional trade but challenging U.S. strategic interests. Conversely, a breakdown in negotiations risks military escalation, which could disrupt energy markets and increase volatility in global financial assets.

Oman's mediation remains central to de-escalating tensions, with both sides acknowledging the need for serious and consistent diplomatic efforts. As the third round of talks unfolds, stakeholders will closely monitor whether progress can be made to avert conflict and restore economic confidence in the region.

[^NUMBER] citations are based on the provided source materials.