The most intense round of US-Iran nuclear talks has ended without an agreement, with oil prices and Middle East tensions under pressure.

February 27 News: According to CNBC, the latest round of US-Iran nuclear negotiations in Geneva, Switzerland, has concluded without reaching a substantive agreement, but both sides agreed to extend the talks. Iranian Foreign Minister Saeed Abtahi Araghchi described the discussions as “the most intense so far,” and both parties will continue to negotiate in more detail over sanctions relief and nuclear-related steps in the coming days. Omani Foreign Minister Badr Al Busaidi stated that although this round of talks did not result in a final agreement, “significant progress” has been made, and both sides plan to continue discussing technical details next week in Vienna.

U.S. President Donald Trump earlier this week said Iran wants to reach an agreement, but the refusal to promise not to develop nuclear weapons remains a core obstacle. At the same time, the U.S. demands that Tehran destroy the Fordow, Natanz, and Isfahan nuclear facilities and hand over the remaining enriched uranium, which Iran opposes. The Trump administration also requires Iran to limit ballistic missile development, cease supporting regional armed groups, and improve domestic human rights conditions.

Analysts warn that if no breakthroughs are achieved, military conflict could erupt in the Middle East, impacting global energy markets. Michael Hanna, director of the International Crisis Group, pointed out that while the U.S. has made broad demands, it has not clarified its ultimate goals, increasing uncertainty in the situation. Tehran views lifting sanctions as a priority in negotiations to ease economic hardship and currency crises.

In the markets, WTI crude oil futures fell 0.24% to $64.97 per barrel on Friday, while Brent crude futures declined 0.30% to $70.54 per barrel. Warren Patterson, head of commodities strategy at ING, said traders may remain cautious until the scale of U.S. actions becomes clearer. If tensions between the U.S. and Iran escalate, oil prices could rise in the short term; if the situation eases and OPEC+ resumes its April production increase plan, prices may fall back.

Overall, although there has been no breakthrough in US-Iran nuclear talks, multiple future negotiations will continue to influence Middle East stability and global oil markets. Investors should closely monitor both sides’ actions and potential geopolitical risks.