• Secretary of State Marco Rubio publicly confirms the US is in talks with Iran, describing backchannel discussions that could lead to a more formal format.
  • The US aims to expand the scope of negotiations beyond the nuclear program to include missiles, regional security, and human rights, while maintaining pressure.
  • No breakthrough has been reported, and analysts see a cautious, incremental path forward with potential short-term confidence boosts if constructive formats are agreed.

Talks Confirmed, But No Deal Yet

US Secretary of State Marco Rubio said on Wednesday that the United States is in talks with Iran, marking a rare public acknowledgment of diplomatic engagement between the two longtime adversaries. The discussions, described as backchannel or indirect, involve regional intermediaries and international mediators, according to people familiar with the matter.

"We are in talks with Iran," Rubio stated at a press conference, adding that the US is ready to meet Iranian officials this week. However, he cautioned that a deal might not be possible, reflecting the deep mistrust between the sides. The talks are part of a broader US strategy to address not only Iran's nuclear program but also its missile development, regional activities, and human rights record.

Iran's foreign minister described the latest round of talks as "a good start," according to Al Jazeera. Iranian President Masoud Pezeshkian has ordered a team to open fresh negotiations, signaling Tehran's willingness to engage despite internal hardliner opposition.

A Cautious Path Forward

The confirmation of talks comes after months of intermittent diplomacy, including previous rounds mediated by Oman. While the US and Iran have a history of such indirect exchanges, the current effort is notable for its breadth. Washington is pushing for a comprehensive discussion that goes beyond the nuclear file, a demand that Iran has historically resisted.

Any progress could have significant economic implications. Markets are watching for signs of sanctions relief, which could ease pressure on Iranian oil exports and reduce the risk premium in Middle East energy supply. However, analysts remain skeptical of a quick breakthrough. "Divergence between hardliners and moderates on both sides keeps volatility in check until tangible outcomes emerge," said a geopolitical risk consultant.

Attempts to reach the Iranian mission to the UN for comment were unsuccessful. The talks are ongoing, and no timeline for a formal agreement has been set.

Correction: An earlier version of this article misstated the date of Rubio's comments. They were made on February 3, 2026.