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GeopoliticsMediumUpdated•Originally published 20 October 2026•Updated 21 October 2026•
1 min read

Araghchi Confirms Indirect Iran-US Talks via Pakistan and Qatar

Key Facts

1New reports refute claims that a deal between the US and Iran is imminent, stating that while talks continue, no breakthrough is close.
2Crude oil prices rebounded above $97 per barrel as optimism for an immediate de-escalation faded.
3US stocks pared gains and Treasury yields moved off session lows following the reassessment of geopolitical risks.

Iranian Foreign Minister Abbas Araghchi stated that indirect negotiations with the United States are continuing through international intermediaries. Araghchi identified Pakistan and Qatar as the primary nations facilitating the talks aimed at addressing outstanding issues between the two countries.

These remarks confirm earlier reports from investinglive.com that no decisive breakthrough has been reached, keeping crude oil prices supported above $97 per barrel. US Treasury yields and the US dollar maintained their recent strength as global markets continue to price in geopolitical uncertainty regarding the negotiation process.

The EIA Weekly Petroleum Report is scheduled for release on October 21, 2026, as market participants look for official inventory data to gauge the impact of these diplomatic developments on energy supply dynamics.