Nuclear talks between the United States (US) and Iran are expected to take place in Oman on Friday, Axios journalist Barak Ravid reported, citing Arab sources.
The development marks a new effort by both sides to revive diplomatic channels in an effort to ease long-standing geopolitical tensions.
President Donald Trump's administration has reportedly agreed to Iran's request to move the location of the talks from Turkey to Oman. The move is seen as an effort to create a more neutral and conducive negotiating environment, as Oman has often acted as a mediator in diplomatic conflicts in the Middle East.
Further discussions are ongoing regarding the possible involvement of several Arab and Islamic countries from the region in the talks. The participation of a third party has the potential to strengthen the diplomatic process and increase confidence in the outcome of the talks.
The talks are expected to focus on the issue of Iran's nuclear program, including limits on uranium enrichment, an international monitoring mechanism, and the possibility of easing economic sanctions on Tehran.
These issues have remained a major point of tension between the US and Iran in recent years.
The ongoing geopolitical tensions in the Middle East, including military incidents and economic sanctions, have destabilized global markets, particularly in the energy and safe-haven asset sectors.
Therefore, any progress in these negotiations is expected to have a positive impact on market sentiment and reduce geopolitical risks.
Global financial markets are closely monitoring the progress of the negotiations, as any diplomatic breakthrough has the potential to ease concerns about oil supply disruptions and stabilize key commodity price movements.
At the same time, a failure in the negotiations risks triggering new tensions, thus increasing demand for safe-haven assets such as gold and the US dollar, in addition to increasing volatility in global financial markets.
