Commodities February 5, 2026

Iranian Foreign Minister Flies to Muscat for Nuclear Discussions with U.S.

Abbas Araqchi leads delegation to Oman as Tehran and Washington set talks amid sharp disagreements over scope

By Leila Farooq
Iranian Foreign Minister Flies to Muscat for Nuclear Discussions with U.S.

Iran's Foreign Minister Abbas Araqchi has left for Muscat to lead a diplomatic delegation to negotiations with the United States scheduled for Friday in Oman. While both sides agreed to meet, they remain divided over whether the talks should include Iran's missile capabilities, a demand from Washington that Tehran rejects, saying it will discuss only its nuclear programme. Iranian Foreign Ministry spokesperson Esmail Baghaei said Iran will approach the talks with authority and seeks a fair, mutually acceptable outcome, and urged the U.S. to act with responsibility and realism. The discussions occur against a backdrop of heightened regional tensions and a U.S. force buildup in the Middle East.

Key Points

  • Iranian Foreign Minister Abbas Araqchi has left for Muscat to lead a delegation to talks with the U.S. scheduled for Friday; the meeting location is Oman.
  • A principal dispute remains over whether negotiations should include Iran's missile arsenal - the U.S. supports inclusion while Iran insists on discussing only its nuclear programme.
  • The talks occur amid increased U.S. military presence in the Middle East and regional efforts to avoid a broader military confrontation - sectors potentially affected include defense, energy, and regional markets.

Iran's Foreign Minister Abbas Araqchi has departed for the Omani capital Muscat leading a diplomatic delegation to take part in nuclear discussions with the United States scheduled for Friday, the Iranian Foreign Ministry's spokesperson said.

Officials from both sides confirmed that the United States and Iran have agreed to meet in Oman on Friday. The planned talks, however, take place while a core disagreement persists: Washington insists negotiations must address Tehran's missile arsenal, while Iran says it will confine discussions to its nuclear programme.

Commenting on the delegation's departure, Iranian Foreign Ministry spokesperson Esmail Baghaei said Iran will participate in the meetings "with authority and with the aim of reaching a fair, mutually acceptable and dignified understanding on the nuclear issue," adding that "we hope the American side will also participate in this process with responsibility, realism and seriousness." Baghaei made the remarks on Thursday.

The diplomatic effort is unfolding amid heightened tensions in the region. The United States has been building up forces in the Middle East, and regional actors are seeking to avoid a military confrontation that many fear could expand into a broader conflict.


Context in focus - what is known from official statements:

  • Abbas Araqchi has travelled to Muscat to head Iran's delegation for talks set for Friday.
  • Both U.S. and Iranian officials have confirmed an agreement to hold talks in Oman on Friday.
  • The parties remain at odds over whether the agenda should include Iran's missile programme, with Iran insisting on limiting discussion to its nuclear activities.
  • Iran has stated it will enter the talks with authority and aims for a fair, mutually acceptable resolution, while calling on the U.S. to engage responsibly.
  • The meetings occur as U.S. forces are being increased in the Middle East and as regional states work to prevent an escalation into wider warfare.

The outcome of the Muscat talks is not provided in the available statements. Officials from both sides have confirmed only that the meeting will take place and have reiterated their respective positions on the scope of negotiations. Observers and regional stakeholders, according to the statements, remain concerned about the potential for military escalation given current force movements in the region.

Risks

  • Persisting disagreement over the agenda - inclusion of missile issues versus a nuclear-only focus - could stall talks and prolong political uncertainty, affecting defense and geopolitical risk pricing.
  • Heightened tensions tied to a U.S. buildup of forces in the Middle East raise the risk of a military incident that many fear could escalate into a wider conflict, with implications for energy markets and regional trade.
  • Limited information on negotiation outcomes creates uncertainty for regional actors and markets that monitor diplomatic progress closely; sectors sensitive to this uncertainty include commodities and defense contractors.

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