Published by Global Banking & Finance Review®
Posted on April 8, 2026
5 min readLast updated: April 8, 2026
Add as preferred source on GoogleIran’s foreign minister Abbas Araqchi, a soft-spoken but technically skilled diplomat, is emerging as Iran’s most powerful foreign minister yet, trusted by the late Supreme Leader and central to peace and nuclear negotiations, drawing on a “bazaar-style” of persistent, patient bargaining.
By Parisa Hafezi and Laila Bassam
DUBAI, April 8 (Reuters) - The son of an Iranian carpet merchant from Isfahan, Foreign Minister Abbas Araqchi, who will accompany the parliament speaker in peace talks with the United States in Pakistan, has compared the country's negotiating style to the bartering of the bazaar, an approach requiring "patience and great time".
Iranian and U.S. officials are expected to hold talks on Friday to discuss a long-term settlement after the longtime foes agreed on a Pakistan-brokered two-week ceasefire to suspend a six-week-old war that has killed thousands, spread across the Middle East and caused unprecedented disruption to the world's energy supplies.
Tehran said the Iranian delegation, led by influential former commander of Iran's Revolutionary Guard Corps, Mohammad Baqer Qalibaf, will enter peace talks with caution, citing a deep trust deficit with Washington.
LATE SUPREME LEADER PICKED ARAQCHI TO LEAD PREVIOUS TALKS
Israel removed Araqchi and Qalibaf from its hit list after Pakistan urged Washington to press Israel not to target them, a Pakistani source told Reuters last month, making them some of the few top figures left that could negotiate with the United States after scores of Iran's senior political and military officials were targeted during the war.
Araqchi, Iran's top diplomat since 2024, was picked by Iran's late Supreme Leader Ayatollah Ali Khamenei to lead several rounds of talks with U.S. Middle East envoy Steve Witkoff, in efforts to resolve Tehran's longstanding nuclear dispute with the West.
Talks, mediated by Oman, stalled on core issues, from uranium enrichment to missiles and sanctions relief.
The mild-mannered diplomat played a key role in years of negotiations that led to Tehran's 2015 nuclear deal with world powers - the agreement torn up by Trump in 2018 during his first term.
Political insiders have described the British-educated Araqchi as one of the Islamic Republic's most powerful foreign ministers yet.
Iran's clerical establishment appears confident in his ability to play its hand with deftness and guile.
Writing in his 2024 book "The Power of Negotiation", Araqchi noted that the Iranians' negotiating approach was commonly referred to as "the style of the bazaar", meaning "continuous and persistent bargaining". He described in a footnote memories of his late mother's bartering skill.
But he also cautioned against overplaying your hand. "When you sell snow under the sun, bargaining more than necessary is a loss," he wrote, in an Arabic translation of the book.
Araqchi cultivated a reputation as a master of tough negotiation during the talks over Iran's nuclear programme over a decade ago. Under that deal, Iran agreed tight restrictions on its nuclear programme in exchange for sanctions relief.
Western diplomats involved in those talks have described him as serious, technically knowledgeable and straightforward.
Araqchi joined Iran's 1979 Islamic Revolution as a teenager and fought in the 1980s Iran-Iraq War before embarking on a diplomatic career.
An insider who has known Araqchi for years said he is calm and patient, yet combative and resilient.
KEEPS DISTANCE FROM 'POLITICAL FRAYS AND INFIGHTING'
Araqchi was the point man for ultimately unsuccessful efforts to resurrect the 2015 deal during U.S. President Joe Biden's 2021-25 administration, until he was replaced with a hardliner.
Soon afterwards, he was named secretary of Iran's Strategic Council on Foreign Relations - a key body advising the supreme leader, pulling him into the inner orbit of Iran's ultimate authority.
Born in Tehran in 1962 to a wealthy religious merchant family, Araqchi was only 17 when the Islamic Revolution washed over Iran and filled many of its youth with radical fervour.
Inspired by the ousting of the U.S.-backed Shah's dynastic regime and the promise of a new future, he enlisted in the Islamic Revolutionary Guard Corps, Iran's military vanguard, to fight in the 1980-88 war with Iraq.
He joined the foreign ministry in 1989 and served as ambassador in Finland from 1999 to 2003 and Japan from 2007 to 2011 before becoming foreign ministry spokesman in 2013.
He obtained a doctorate in politics from the University of Kent in Britain and was appointed deputy foreign minister in 2013.
A devout Muslim, Araqchi has served under presidents whose instincts have ranged from pragmatic to hardline.
Despite being a political insider with close ties to Khamenei, Araqchi has kept himself distant from "political frays and infighting" between factions and he maintained good relations with the powerful Revolutionary Guards and all factions in Iran, according to a senior Iranian official.
(Additional reporting by Tom Perry; Editing by Tom Perry, Angus McDowall, Janet Lawrence, Rod Nickel)
Abbas Araqchi is Iran's foreign minister, known for his negotiation skills and key role in nuclear and peace talks.
Araqchi is leading Iran's delegation in US-led peace talks in Pakistan after a ceasefire was brokered in the Middle East conflict.
He has managed major nuclear negotiations, overcome political targeting, and is trusted by Iran's clerical leadership.
He played a major role in securing the 2015 nuclear deal and mediated tough issues like sanctions and uranium enrichment.
Araqchi uses a patient, persistent 'bazaar' bartering style focused on continuous bargaining.
Explore more articles in the Finance category
