Iran’s Foreign Minister confirmed that formal US-Iran negotiations will commence on the same day a memorandum of understanding (MOU) is signed, marking a concrete step toward resolving their long-standing nuclear and sanctions disputes. The talks will follow a phased structure: after the initial MOU, the two sides will have 60 days to reach a comprehensive final agreement covering uranium enrichment levels, international inspections, and the lifting of economic sanctions.
The development comes amid a broader US push to re-engage diplomatically after the 2018 withdrawal from the JCPOA. Iran has since expanded its nuclear program beyond the original deal’s limits, while Washington has tightened sanctions. The timeline reflects urgency—both parties face political windows, including US election cycles. Meanwhile, Societe Generale issued a research note warning that global oil market normalization paths are diverging in the wake of the deal. If Iranian crude returns quickly, it could depress prices, especially for medium-sour grades; if sanctions relief lags, supply tightness may persist. Regional benchmarks are already following distinct trajectories depending on compliance expectations and OPEC+ response.
Analysts note that a final agreement could allow Iran to resume significant oil exports, potentially lowering global energy prices and easing supply chain pressures. However, the process is fraught with uncertainty, as domestic factions in both countries and skeptical allies—including Israel and Gulf states—question the talks' viability.
