US-Iran Nuclear Talks in Geneva Show Progress Amidst Deadlock Over 'Excessive' Demands

The third round of indirect nuclear negotiations between Iran and the United States concluded in Geneva, with Omani mediators reporting "significant progress" in the discussions. However, a definitive agreement remains elusive as Tehran continues to reject what it labels "excessive demands" from the Trump administration. Key sticking points include U.S. requirements for zero uranium enrichment and the transfer of Iran's existing nuclear stockpiles. The next round of talks is scheduled for next Wednesday, narrowly preceding the expiration of a strict two-week deadline imposed by President Trump. Global markets are closely monitoring the situation, as the lack of a final deal keeps geopolitical risk premiums embedded in Brent Crude and Gold prices.