On February 15, 2026, Iranian officials announced the country’s willingness to negotiate terms that could include energy, mining, and aircraft purchases in ongoing discussions with the United States. The announcement comes as both countries prepare for a second round of talks scheduled in Geneva on February 17, where resolution over Iran's nuclear program will be a primary focus.

The Iranian Foreign Ministry's deputy director for economic diplomacy, Hamid Ghanbari, stated that for any agreement to be sustainable, it is crucial for the U.S. to benefit economically from the negotiations. "Common interests in oil and gas fields, joint mining investments, and aircraft purchases are included in the negotiations," Ghanbari said. He underscored that the 2015 nuclear agreement had failed to secure adequate economic benefits for the U.S.

Since the U.S. withdrawal from the 2015 nuclear deal in 2018 under President Donald Trump, Iran has faced a series of stringent economic sanctions that have severely affected its economy and oil exports. The U.S. has increasingly sought to limit these exports, particularly those to China, which accounts for over 80% of Iran's oil sales. Any significant reduction in this trade would greatly impact Iran's revenue stream.

In a conciliatory tone, Iranian officials have hinted at a willingness to compromise on specific aspects of their nuclear program, including the potential modification of their uranium enrichment strategies. However, they have firmly reiterated that complete cessation of uranium enrichment is off the table, reflecting a deeply rooted contention in past negotiations.

The current discussions differ from previous multilateral formats, focusing exclusively on direct negotiations between Iran and the United States, facilitated by Oman as a mediator. These upcoming talks represent a renewed effort to avert any military escalation and find a diplomatic solution, amid escalating tensions in the region.

U.S. officials have expressed readiness for a military response should diplomatic efforts fail, heightening the urgency for both sides to reach a consensus that addresses their respective concerns and aspirations.