Iran's foreign minister is preparing to participate in the third round of indirect talks between Iran and the US. Vance: The US is hopeful about the negotiations, but does not rule out the use of force.

Iran's foreign minister is preparing to participate in the third round of indirect talks between Iran and the US. Vance: The US is hopeful about the negotiations, but does not rule out the use of force.

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According to CCTV News, on the evening of the 25th local time, Iranian Foreign Minister Araghchi led the Iranian delegation to Geneva, Switzerland, to attend the upcoming third round of Iran-US talks to be held on the 26th.

Under Oman's mediation, the third round of indirect negotiations between Iran and the United States will be held in Geneva on the 26th.

The second round of indirect negotiations between the United States and Iran was held in Geneva on the 17th. After the talks, both US and Iranian officials stated that despite remaining differences, progress had been made compared to the previous round, and both sides agreed to continue contact. The US has recently gathered military forces on a large scale in the Middle East. US President Trump recently admitted he is considering "limited military strikes" against Iran.

According to CCTV News, US Vice President Vance said the US is "hopeful" about the new round of indirect US-Iran talks in Geneva, Switzerland on the 26th, hoping to achieve a "good solution" through diplomatic means. Vance said the US position is "very clear," namely that Iran cannot possess nuclear weapons. US President Trump is inclined to resolve issues through diplomacy, but will also use US military if necessary.

On Wednesday, oil prices changed little compared to Tuesday. WTI April crude futures closed down $0.21, or 0.32%, at $65.42/barrel. Brent April crude futures closed up $0.08, or 0.11%, at $70.85/barrel.

US Government Sets Limits for New Iran Nuclear Deal: No Expiry Clauses Allowed

According to CCTV News, US Middle East envoy Witkoff stated that the Trump administration required that Iran accept "permanent validity" in any future nuclear deal and no expiry clauses should be set.

According to insiders, Witkoff said the US premise for negotiations is "no sunset clauses," and Iran must comply with its obligations under the agreement over the long term. Witkoff also stated that current US-Iran talks focus on whether Iran can enrich uranium domestically and how to handle the inventories of enriched uranium. If an agreement is reached, the US side hopes to further negotiate Iran's missile program and its support for regional proxy armed groups.

Iranian Foreign Minister Araghchi previously stated that Iran is willing to sign a "better agreement" to ensure its nuclear program "remains peaceful forever." He said the goal of this round of negotiations is to avoid war.

The Iran nuclear deal reached in 2015 contained "sunset clauses," with most limits on Iran's nuclear program gradually expiring within 8 to 25 years. Trump once criticized the clauses as a major flaw in the agreement and withdrew from the deal during his first term.

According to CCTV News, on February 25 local time, the US Treasury's Office of Foreign Assets Control (OFAC) updated its "Specially Designated Nationals List," imposing sanctions on multiple individuals, entities, and vessels associated with Iran.

This round of sanctions targets four Iranian individuals, all related to Iran's aviation industry; multiple shipping and trading companies located in Iran, Turkey, UAE, Panama, Marshall Islands, Liberia, etc., are listed, involving Iran's oil and liquefied gas transport network; at least 13 oil and liquefied gas tankers are sanctioned, with the affected ships bearing flags of Panama, Palau, Barbados, Vanuatu, Comoros, and Iran, among others.

The US Treasury stated that the named individuals and entities will face asset freezes and restrictions on transactions with the US financial system.

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