GENEVA: Iran and the United States reached an understanding on Tuesday on main “guiding principles” in talks aimed at resolving their longstanding nuclear dispute, but that does not mean a deal is imminent, Iranian Foreign Minister Abbas Araghchi said. Oil futures fell and the benchmark Brent crude contract tumbled more than 1 percent after Araghchi’s comments, which helped ease fears of conflict in the region, where the US has deployed a battle force to press Tehran for concessions.

U.S. and Iran to resume nuclear talks in Geneva amid escalating tensions and warnings from President Trump.

Iran's top diplomat says he will meet with IAEA director before the high-stakes talks with US are held on Tuesday.