Iran Floats Joint Oil Investment, Sanctions Rollback Wish-List Ahead Of Next US Talks

The Trump administration may have finally blinked, also knowing that yet another US-led war in the Middle East remains deeply unpopular among the American people. No attacks have come this weekend, as some were predicting last week, as President Trump appears to be exercising some level of patience and restraint, for now at least.

“Iran has indicated it is prepared to make concessions on its nuclear program in talks with the U.S. in return for the lifting of sanctions and recognition of its right to enrich uranium, as it seeks to avert a U.S. attack,” Reuters is freshly reporting.

Tehran has said from the start of Trump’s military pressure campaign that it’s willing for serious negotiations centered on its nuclear program, but that it cannot ever abandon or limit its formidable ballistic missile arsenal: 

However, Reuters is reporting for the first time that Iran is offering fresh concessions since their talks ended last week, when the sides appeared far apart and heading closer to military conflict. Analysts say the move suggests Tehran is trying to keep diplomacy alive and stave off a major U.S. strike.

The official said Tehran would seriously consider a combination of sending half of its most highly enriched uranium abroad, diluting the rest and taking part in creating a regional enrichment consortium – an idea periodically raised in years of Iran-linked diplomacy.

Iran would do this in return for U.S. recognition of Iran’s right to “peaceful nuclear enrichment” under a deal that would also include lifting economic sanctions, the official said.

Russia has already offered to do just this, and China too could potentially play a role in receiving Iran’s enriched uranium.

It looks like a US attack is unlikely even in this coming week as well given that “U.S. and Iranian negotiators are expected to meet in Geneva on Thursday to discuss a detailed Iranian proposal for a nuclear deal. A senior U.S. official told Axios on Sunday morning the Trump administration expects to receive the proposal by Tuesday” - ahead of the next round of planned talks.

Also, Tehran is now floating the prospect of joint US-Iran oil and gas investment as part of the nuclear deal currently under negotiation. Hamid Ghanbari, deputy director for economic diplomacy at Iran’s foreign ministry, said Sunday that shared energy development could anchor a more durable agreement.

Oman Confirms New Talks Between US and Iran

Oman’s Foreign Minister, Badr Albusaidi, confirmed that the US and Iran will meet in Geneva on Thursday to continue negotiations to reach an agreement on the tension between them. pic.twitter.com/ROVHBgRTQq

— loolan podcast (@Loolanpodcast) February 22, 2026

“For the sake of an agreement’s durability, it is essential that the U.S. also benefits in areas with high and quick economic returns,” Ghanbari said, according to Fars news agency – effectively pitching hydrocarbons as the glue to hold any deal together.

He added that “the country must be prepared for all scenarios,” while “at the same time seriously pursuing the negotiations.” Beyond oil and gas, Ghanbari floated mining, urban development, and even aircraft purchases as potential areas of cooperation – a shopping list that in reality reads like a sanctions rollback wish list. Many Western analysts are calling it totally unrealistic.

Meanwhile, Washington appears to be hedging its bets. Even as talks continue, the Pentagon is reinforcing its posture in the Persian Gulf, with a second aircraft carrier reportedly en route. Iran in turn has warned its “finger is on the trigger” and that US bases in the region would come under retaliatory attack.

Lol even the Jerusalem Post is calling out Witkoff for his absolute bs here https://t.co/h5sdB9Wh5I pic.twitter.com/TDGf5S7Qth

— Dave DeCamp (@DecampDave) February 22, 2026

The message from both sides is clear: prepare for a deal, or prepare for escalation – and Washington is keeping the carriers fueled and nearby just in case.