• Iran's Foreign Ministry spokesperson Esmaeil Baghaei stated that no final agreement has been reached with the United States, signaling ongoing negotiations.
  • Indirect talks have continued but remain inconclusive, with Iran cautioning that a deal is not imminent.
  • The lack of a finalized agreement maintains uncertainty for Iran's economy and regional markets.

Iran's Foreign Ministry spokesperson Esmaeil Baghaei said Tuesday that no final agreement has been concluded with the United States, pushing back against speculation that a deal was close. "Many issues have been agreed upon, but no final accord has been signed," Baghaei told reporters in Tehran, according to state media. The remarks come amid ongoing indirect talks mediated by Oman and other third parties, though Iran has repeatedly stressed that direct negotiations remain off the table.

The negotiations, which have spanned several months, touch on nuclear concerns, sanctions relief, and regional security. Iran has emphasized its red lines, including the right to maintain its nuclear program under the Non-Proliferation Treaty. "We have no plan for a new round of talks with the US at this stage," Baghaei added, underscoring Tehran's cautious approach.

Market participants have watched the talks closely, as a finalized deal could unlock sanctions relief and affect global energy markets. However, the absence of a final agreement means continued uncertainty. Oil prices held steady on Tuesday, with analysts citing the lack of breakthrough as a factor limiting downside risk. "Without a deal, Iran's economy remains under pressure, and the risk premium in the Gulf persists," said a London-based analyst.

Efforts to reach a framework have hit snags, with both sides accusing each other of shifting positions. Iran has called for credible guarantees from Washington, while US officials have expressed frustration over Tehran's insistence on linking unrelated issues. "The talks are progressing, but we are not there yet," a person familiar with the matter said, speaking on condition of anonymity.

Attempts to reach the US State Department for comment were not immediately successful.

Correction: An earlier version of this article misstated the location of Baghaei's remarks; they were made in Tehran.