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2026-02-17 22:07:11
[US-Iran Geneva Talks Make Progress, Both Sides Reach "Understanding" on Key Principles] ⑴ Iran's Foreign Minister stated in Geneva on Tuesday that Iran and the US have reached an "understanding" on key principles. He noted that the talks had made "good progress" compared to the previous round of negotiations, and the two sides will begin drafting and exchanging documents on a potential agreement. ⑵ However, the Iranian Foreign Minister also cautiously stated that there are still issues that need further consultation. "This does not mean we will reach an agreement quickly, but the path has been opened." This statement indicates that although the negotiations have made breakthrough progress, a final agreement is still some distance away. ⑶ These talks were held against the backdrop of the US strengthening its military deployment in the Middle East. Just one day before the talks, the Iranian Revolutionary Guard conducted military exercises in the Strait of Hormuz and temporarily closed some sections of the strait for "security precautions." ⑷ The market is closely watching the subsequent developments of the negotiations. If an agreement is ultimately reached, it could lead to the easing of sanctions on Iranian oil exports, thereby affecting the global crude oil supply pattern. However, at present, the two sides still need to conduct further consultations on technical details.
