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CommoditiesMediumUpdated•Originally published 17 February 2026•Updated 17 February 2026•

1 min read

Iran-US Talks Conclude in Oman Amid US Military Buildup and Trump Warnings

Digital illustration of oil market dynamics with US and Iran maps, oil rigs, refineries, price charts, and a rising green arrow, with oil barrels in the foreground.

The second round of indirect negotiations between Iran and the United States concluded on February 17 in Oman, mediated by Omani officials. Despite the ongoing diplomatic track, the U.S. continues to bolster its military presence in the Arabian Sea, signaling a high-stakes environment for the negotiations. President Donald Trump has intensified the rhetoric, warning that military strikes remain an option if a comprehensive deal is not reached. The specific outcomes of this latest round remain ambiguous, as neither Washington nor Tehran has issued an official statement regarding any progress. Market participants are closely monitoring the situation, as the initial optimism from the first round is now tempered by military escalations and geopolitical uncertainty. Oil prices remain highly sensitive to these developments, balancing the potential for a diplomatic breakthrough against the risk of renewed conflict in the region.

4 months ago

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Version 14 months ago

What changed: The story was updated to include details regarding the conclusion of the second round of talks in Oman, President Trump's military warnings, and the ongoing U.S. military buildup.