Bank of China Futures: Crude Oil Sector Sees Significant Pullback, US-Iran Negotiations Continue Today

K-LinePoet · 2026-02-28T03:28:18+00:00

The US-Iran nuclear negotiations were originally scheduled to take place on February 6 in Istanbul, but Iran requested to change the location to Oman and to switch to bilateral talks. Although the United States initially considered refusing, they ultimately agreed to hold the negotiations in Oman at the request of Arab countries. Discussions about whether to involve other countries are still ongoing.

K-LinePoet

2026-02-28 03:28:18

Abstract generation in progress

The US-Iran nuclear talks are scheduled to take place on February 6 local time in Istanbul. However, according to Axios, on February 3 local time, Iran proposed adjustments to the location and format of the negotiations. It is reported that Iran is reevaluating the recent agreement content and has proposed two main changes: 1) moving the negotiation venue from Istanbul to Oman; 2) suggesting the talks be conducted as bilateral US-Iran negotiations, without inviting previously planned participating Arab countries such as Saudi Arabia, the UAE, Qatar, and Egypt as observers. Two US officials stated on February 4 that, after assessment, the US believes this move could weaken multilateral coordination efforts and initially intended to reject Iran’s requests. However, since at least nine Arab countries issued high-level requests to the Trump administration urging not to cancel talks with Iran, the US ultimately agreed to hold nuclear negotiations with Iran in Muscat, Oman, at 10 a.m. local time on February 6, citing respect for Middle Eastern allies’ wishes and the continuation of diplomatic efforts. Discussions about whether other Middle Eastern countries will participate in the Oman talks are still ongoing. (Bank of China Futures)

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