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Oil prices climb after the US and Iran extend nuclear talks - YAHOO FINANCE

FEBRUARY 27, 2026

Oil prices jumped on Friday morning, as no deal was reached in the latest round of nuclear talks between the US and Iran but officials said that the two sides would continue discussions.

Iran's foreign minister Abbas Araghchi said in a statement that the latest talks in Geneva on Thursday were one of the "most serious and longest rounds of negotiations", according to a Guardian report. Araghchi said that "good progress" was made in the discussions.

"On some issues, understandings have come very close," he said. "Of course, there are still differences of opinion, which is natural, but compared to the past, both sides are more serious about reaching a negotiated solution."

Araghchi said that it had been decided that the next round of negotiations would be held in the "near future – probably in less than a week".


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