• President Trump said the United States is in the “final stages” of negotiations with Iran, describing recent discussions as productive.
  • The talks, mediated by Oman and other regional facilitators, aim to de-escalate tensions over Iran’s nuclear program.
  • A credible deal could reduce oil risk premia, while a breakdown would likely spike energy prices.

President Donald Trump said the United States is in the “final stages” of talks with Iran, according to a pool report on Thursday. “We’ll see what happens,” Trump added, signaling cautious optimism amid ongoing indirect negotiations.

The comments come after U.S. and Iranian delegations held mediated discussions in recent weeks, with Oman and other regional states serving as intermediaries. Both sides have publicly described the talks as productive, though underlying tensions remain high.

“The talks are in their final stages,” Trump told reporters, without offering specifics on the timeline or potential deal terms. Iranian officials have directed negotiators to pursue a negotiated outcome while maintaining key red lines on enrichment levels and security guarantees.

Independent analysts note that Iran has proposed multi-phase plans in some channels, but fighting and proxy tensions in the region continue to complicate diplomacy. The U.S. has previously deployed additional forces to the Gulf, underscoring the stakes of a potential miscalculation.

A credible de-escalation agreement could ease oil-market risk premia and reduce energy-price volatility globally. Conversely, a breakdown or military incident would likely push crude prices higher, analysts warn. Investors are closely watching for concrete terms on nuclear constraints, inspections, and sanctions relief.

Reactions are mixed: some constituencies welcome diplomacy as a path to avoid conflict, while hardliners in Tehran and hawks in Washington remain skeptical of trust and verification. Civilian populations in the Gulf would be immediate beneficiaries of reduced risks of disrupted shipping or cross-border strikes.

Follow-up meetings and technical working groups are expected in the coming weeks. Observers predict cautious incremental steps rather than a sudden comprehensive settlement, with much hinging on domestic politics in both countries.

We reached out to the State Department for comment but did not immediately receive a response.