Overview

• President Donald Trump stated that the United States is nearing a nuclear agreement with Iran, with Tehran showing tentative acceptance of proposed terms.
• Fresh negotiations in Oman concluded recently, with both sides agreeing to continue talks despite persistent gaps on key issues.
• Uranium enrichment remains a major sticking point, as the US demands a halt while Iran insists on its right to enrich for civilian use.
• Iran has expressed willingness to reduce enrichment levels and stockpile limits temporarily, but only to the thresholds outlined in the 2015 nuclear deal.
• Oil prices have fallen by approximately $2 per barrel on expectations that a deal could lead to the easing of US sanctions on Iran.