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    Home > Finance > US and Iran set for high-stakes nuclear talks in Geneva as threat of war looms
    Finance

    US and Iran set for high-stakes nuclear talks in Geneva as threat of war looms

    Published by Global Banking & Finance Review®

    Posted on February 17, 2026

    3 min read

    Last updated: February 17, 2026

    US and Iran set for high-stakes nuclear talks in Geneva as threat of war looms - Finance news and analysis from Global Banking & Finance Review
    Tags:international financial institutionfinancial stabilityinvestment portfoliosfinancial management

    Quick Summary

    US and Iran hold indirect nuclear talks in Geneva amid military tensions, focusing on nuclear issues with potential for broader discussions.

    Table of Contents

    • Overview of US-Iran Nuclear Talks
    • Current State of Negotiations
    • Military Preparations and Tensions
    • International Reactions and Implications

    High-Stakes Nuclear Negotiations Between US and Iran in Geneva

    Overview of US-Iran Nuclear Talks

    By Olivia Le Poidevin

    Current State of Negotiations

    GENEVA, Feb 17 (Reuters) - The U.S. and Iran hold indirect talks in Geneva on Tuesday aimed at resolving their long-running nuclear dispute, with little clear indication of compromise as Washington masses a battle force in the region.

    Military Preparations and Tensions

    U.S. envoys Steve Witkoff and Jared Kushner will take part in the negotiations, which are being mediated by Oman, a source briefed on the matter told Reuters, alongside Iranian Foreign Minister Abbas Araqchi.

    International Reactions and Implications

    Yet the U.S. military is simultaneously preparing for the possibility of weeks of operations against Iran if President Donald Trump orders an attack, two U.S. officials told Reuters.

    Iran itself began a military drill on Monday in the Strait of Hormuz, a vital international waterway and oil export route from Gulf Arab states, who have been appealing for diplomacy to end the dispute.

    IRAN-U.S. NUCLEAR TALKS UNDER SHADOW OF PROTESTS AND WAR

    Tehran and Washington renewed negotiations on February 6 on their decades-long dispute.

    Washington and its close ally Israel believe Iran aspires to build a nuclear weapon that could threaten Israel's existence. Iran says its nuclear programme is purely peaceful, even though it has enriched uranium far beyond the purity needed for power generation, and close to what is required for a bomb.

    Tehran is acutely aware that a previous attempt to revive talks was under way in June last year when Washington's ally Israel launched a bombing campaign against Iran, and was then joined by U.S. bombers that struck nuclear targets. Tehran has since said it has halted uranium enrichment activity.

    Since then, Iran's Islamic rulers have been weakened by widespread street protests, put down at a cost of thousands of lives, against a cost-of-living crisis driven in part by international sanctions that have strangled Iran's oil income.

    Unlike last time, the U.S. has now placed what Trump calls a massive naval armada in the region.

    Washington has sought to expand the scope of talks to non-nuclear issues such as Iran's missile stockpile. Tehran says it is willing only to discuss curbs on its nuclear programme - in exchange for sanctions relief - and that it will not give up uranium enrichment completely or discuss its missile programme.

    On Monday, U.S. Secretary of State Marco Rubio told a news conference in Budapest that it was hard to do a deal with Iran, but the U.S. was willing to try.

    Araqchi on Monday met Rafael Grossi, head of the International Atomic Energy Agency, in Geneva to discuss cooperation with the IAEA and technical aspects of the impending talks with the U.S.

    On Tuesday afternoon, Witkoff and Kushner will participate in three-way talks with Russia and Ukraine as Washington attempts to coax Ukraine and Russia into an agreement to end Moscow's four-year-old invasion of Ukraine, the source said.   

    (Reporting by Olivia Le Poidevin; Additional reporting by Humeyra Pamuk in Budapest, Rishabh Jaiswal in Bengaluru, Steve Holland in Washington, Parisa Hafezi in Dubai and Dubai Newsroom; Editing by Kevin Liffey)

    Key Takeaways

    • •US and Iran are holding indirect nuclear talks in Geneva.
    • •The US has increased military presence in the region.
    • •Iran conducts military drills in the Strait of Hormuz.
    • •Talks focus on nuclear issues, with US seeking broader discussions.
    • •Iran demands sanctions relief for nuclear program curbs.

    Frequently Asked Questions about US and Iran set for high-stakes nuclear talks in Geneva as threat of war looms

    1What is military preparation?

    Military preparation involves the planning and readiness of armed forces to respond to potential conflicts or threats.

    2What is uranium enrichment?

    Uranium enrichment is the process of increasing the percentage of the isotope uranium-235 in uranium, which is necessary for nuclear power and weapons.

    3What is sanctions relief?

    Sanctions relief refers to the lifting or easing of economic restrictions imposed on a country, often as part of a diplomatic agreement.

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