Oil prices have recently fallen as the United States and Iran prepare to resume nuclear talks. The meeting, initially scheduled for July 10 in Oslo, was postponed but is still expected to happen soon. These talks mark a significant step toward restarting diplomatic efforts between the two long-time adversaries. Just weeks ago, tensions escalated after joint Israeli-U.S. airstrikes targeted Iranian nuclear facilities.

The attack came only days before a planned negotiation round between Tehran and Washington. Afterward, the U.S. helped mediate a ceasefire agreement to stop further military conflict. Iran’s foreign minister later questioned how they could continue trusting talks when their “goodwill” was met with military action. Despite this, Iran has stated that it still supports diplomacy, provided it gets solid guarantees that Israel will not strike again.

President Trump, while expressing interest in a long-term deal, has not made the details of such a deal clear. The focus now seems to be shifting from short-term fixes to broader regional stability. Iran, meanwhile, faces increasing pressure. Its nuclear sites suffered heavy damage, but Tehran insists on continuing its uranium enrichment efforts. Before the strikes, Iran had already accumulated significant amounts of enriched uranium and even relocated some to secret locations. This has raised concern, as international inspectors are now in the dark about its whereabouts.

Iran has stopped cooperating with these inspectors and even accused them of sharing information that enabled the strikes. This has led to fears that Iran may withdraw completely from the global nuclear treaty it signed. On the other hand, Trump has warned of further attacks if Iran resumes high-level uranium enrichment.

Although both sides claim they want to avoid war and seek a deal, the current situation is tense. Without a new agreement, Iran could face more military threats and the return of UN sanctions. The road to diplomacy is uncertain, full of distrust and missed chances. Whether the upcoming talks will bring real progress or just delay more conflict remains to be seen.