Iran and US Explore Energy, Mining, and Aviation Deals in Latest February 2026 Talks

Iran and US Explore Energy, Mining, and Aviation Deals in Latest Talks

Recent diplomatic exchanges between Iran and United States have captured global attention. As of February 15, 2026, Iran indicated that if the US shows serious commitment to easing sanctions, significant economic agreements in energy, mining, and aviation could be on the table. This comes at a time when tensions between the two nations have persisted for years, with regional and global stakeholders closely monitoring developments.

Iran’s Ministry of Foreign Affairs officials responsible for economic diplomacy have emphasized that negotiations should not be limited to nuclear issues. They stress that broader economic cooperation could unlock new opportunities for investors and provide immediate economic relief to Iran’s domestic markets. The country is reportedly ready to discuss technology transfer, trade facilitation, and infrastructure modernization if sanctions are lifted.

Iran is one of the world’s largest holders of proven oil and gas reserves, accounting for approximately 10% of global oil reserves and 15% of natural gas reserves. US-imposed sanctions have historically restricted Iran’s oil exports, but recent reports suggest exports have rebounded to around 1.5–2 million barrels per day, largely directed toward Asian markets. The country has also upgraded refineries and production facilities, improving both quality and output.

China remains Iran’s largest oil buyer, importing over 80% of Iran’s oil exports. Any renewed US sanctions could directly impact Iran’s revenue, highlighting the strategic importance of diplomatic negotiations for economic stability. Iran aims to leverage talks to boost both foreign investment and domestic employment.

On the nuclear front, Iran has indicated readiness to reduce the enrichment levels of highly enriched uranium but will not agree to fully halt enrichment activities. Iranian Deputy Foreign Minister told the BBC that Tehran is prepared for compromise if the US takes credible, actionable steps.

Regionally, the situation remains sensitive. The US has maintained a strong military presence in the Middle East, including increased naval deployments. While some analysts view this as strategic pressure, behind-the-scenes diplomatic contacts continue.

Oman has offered mediation, leveraging its historic role in facilitating indirect negotiations between Iran and the US. Successful mediation could help reduce regional tensions and build trust between the parties.

Economically, Iran also possesses extensive mining resources, including copper, iron, zinc, and other valuable minerals. Analysts suggest that opening these sectors to foreign investment could attract billions of dollars and create thousands of new jobs, benefiting local industries.

In aviation, Iran faces an urgent need to modernize its fleet. Current sanctions have forced Iranian airlines to operate aging aircraft. Sanctions relief would enable purchases of modern aircraft from international manufacturers, improving safety standards, service quality, and airport infrastructure.

Domestically, Iran faces inflation rates of 35–40%, high unemployment, and economic pressures, increasing public demand for reforms. Successful international agreements could stabilize the domestic economy and restore confidence in the government.

Analysts identify three possible scenarios:

Comprehensive Agreement: Gradual easing of sanctions coupled with agreed nuclear activity limits.

Negotiation Failure: Renewed tensions leading to economic and military escalation.

Partial Deals: Limited sectoral agreements without full political compromise.

Each path carries significant implications for regional stability, global energy markets, and international investment. If both sides act decisively, energy, mining, and aviation agreements worth billions of dollars are feasible. However, trust deficits, political pressures, and regional tensions complicate the process.

Experts also note that any economic revival in Iran could positively affect neighboring countries, including Turkey, Pakistan, and Gulf states, enhancing trade and investment. These agreements could, therefore, influence not only Iran’s economy but the broader region’s stability and growth trajectory.