U.S.-Iran Nuclear Talks Resume in Geneva Amid Heightened Military Tensions

A third round of nuclear negotiations between the United States and Iran commenced in Geneva on February 26, marking a critical effort to avert military conflict. These high-stakes talks coincide with the U.S. deployment of two aircraft carrier strike groups within range of Iran, as Washington evaluates potential military options. Iranian Foreign Minister Abbas Araqchi is leading the delegation for Tehran, facing pressure to reach a breakthrough after previous diplomatic efforts stalled. The primary objective is to secure an agreement that curbs Iran's nuclear program and prevents a major escalation in the Middle East. Global energy markets are closely monitoring the situation, with Brent Crude and WTI prices sensitive to the geopolitical risk premium. While military threats provide a bullish catalyst for oil and gold, any signs of diplomatic progress could lead to a significant de-escalation in prices.