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Precious metals prices continued to face downward pressure this week as investors took strong US economic data and a changing geopolitical landscape into consideration.

After climbing to fresh all-time highs at the start of 2026, a myriad of factors in February have seemingly taken the sails out gold, silver and platinum prices. However, the underlying fundamentals for the precious metals remain strong, resulting in a resiliency that lends optimism to higher price points to come in 2026.

Let’s take a look at what got spot prices moving over the past week.

Gold price

Gold hit a record high of close to US$5,600 per ounce at the end of January before sliding into one of the largest price drops in decades, dipping as low as US$4,400 as February kicked off.

Over the past week, the metal has oscillated between slumps and cautious recovery. The spot price lost the battle to remain above the key US$5,000 mark in morning trading on February 12, falling to an intraday low of US$4,907.41. February 13 saw gold rebound slightly and trade in a tight range between US$5,000 and US$5,040.

Gold couldn’t hold that level on Monday (February 16), and the next day it began sliding below the US$4,900 support level. Wednesday (February 18) brought some relief, with gold once again fighting to stay above US$5,000.

Gold price chart, February 12, 2026 to February 18, 2026.

The primary drivers for gold this past week are:

      • Seasonal liquidity is also at play this week as the Lunar New Year holiday, which runs from February 16 to 23, typically results in lower trading volumes.

      In other gold news, the 2026 TSX Venture 50 list was released on Wednesday, with several gold companies named as top performers. The top five gold stocks on the list are: 1911 Gold (TSXV:AUMB,OTCQB:AUMBF), TDG Gold (TSXV:TDG,OTCQX:TDGGF), Omai Gold Mines (TSXV:OMG,OTCQB:OMGGF), Prospector Metals (TSXV:PPP,OTCQB:PMCOF) and Goldgroup Mining (TSXV:GGA,OTCQX:GGAZF).

      Silver price

      Silver has broadly tracked gold’s price movements over the past week.

      However, the white metal has exhibited significantly higher volatility, and the silver spot price is far outside of striking range of its all-time high of more than US$121 per ounce, which it reached on January 29.

      Silver fell by more than 9 percent on February 12 as it followed gold on the downtrend, falling from around US$83 to US$75. On Friday the 13th, silver managed not to scare investors as it traded mostly sideways at the US$77 level.

      For most of Monday and Tuesday (February 17), silver continued to limp along this trend line, but has managed to gain ground, rising from the US$75 level to an intraday high of US$78.24 as of 11:00 a.m. PST on Wednesday.

      Silver price chart, February 12, 2026 to February 18, 2026.

      In addition to the macro factors influencing gold, volatility in the silver market has also come from the ups and downs in the artificial intelligence (AI) sector. Silver, the most electrically and thermally conductive metal on the planet, is considered a key material for AI tech, particularly in data centers and high-performance computing.

      Over the past week, the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) has slid from approximately US$50.55 to US$49.94 as of midday on Wednesday, reflecting broader weakness in the sector.

      In other silver news, in its latest annual outlook, published on February 10, the Silver Institute reported that it expects macroeconomic and geopolitical conditions to remain broadly supportive for silver in 2026.

      Platinum price

      On February 12, platinum was trading as high as US$2,136 per ounce in early morning trading, but soon followed its precious metals sisters on a downward slide to an intraday low of US$1,982.50. The metal was back above US$2,070 the next day, and for the first part of this week it’s managed to trade above the US$2,000 level.

      Wednesday was a recovery day for platinum as it reached an intraday high of US$2,122.90 as of 11:00 a.m. PST.

      Platinum price chart, February 12, 2026 to February 18, 2026.

      Platinum is one of the top-performing metals over the past year, reaching 12 year highs in recent weeks. Demand is being driven by the metal’s essential role in the emerging hydrogen economy. It’s also still seeing robust demand from the auto sector despite the emergence of electric vehicles and uneasy consumer confidence in the economy.

      On the supply side, global platinum reserves remain critically low, especially as the world’s biggest producer, South Africa, continues to be plagued by power shortages and operational disruptions.

      This week, Johnson Matthey (LSE:JMAT,OTCPL:JMPLF), Sibanye-Stillwater (NYSE:SBSW) and Valterra Platinum (LSE:VALT,JSE:VAL,OTCPL:AGPPF) launched a multimillion-dollar partnership to develop new platinum-group metals clean energy and industrial technologies outside of the auto sector.

      Palladium price

      Palladium has been the black sheep of the precious metals family for the past few years, remaining well below its March 2022 all-time record of US$3,440.76 per ounce.

      On February 12 it followed the precious metals pack down from US$1,741 to as low as US$1,664.

      After a rebounding above to US$1,783 level on Monday, the following trading today brought much volatility to the metal, which traded in the US$1,670 to US$1,720 range. Platinum managed to to make gains to the upside on Wednesday with an intraday high of US$1,774 as of 11:00 a.m. PST.

      Palladium price chart, February 12, 2026 to February 18, 2026.

      The palladium price is being held down by a slump in demand for electric vehicles and a looming oversupply situation. Analysts at Heraeus Precious Metals predict that the palladium market may move into a surplus in 2026 as secondary supply from recycling increases by 10 percent.

      On that note, an announcement shaping the outlook for palladium on the supply side this past week came from the US Department of Commerce, which issued a preliminary statement of support for anti-dumping duties of approximately 133 percent on unwrought Russian palladium imports.

      This follows a petition from Sibanye-Stillwater over allegations that Russian metal is being sold in the US at less than fair value. A final decision is expected in the case by June of this year.

      Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

      This post appeared first on investingnews.com

      Christopher Aaron, founder of iGoldAdvisor and Elite Private Placements, explains where gold and silver are in the current cycle and what his strategy looks like now.

      ‘This cycle is going to end in a mania,’ he said. ‘You want to position not when the mania is unfolding, but when it gets quiet, and I think we’re in one of those windows now to be positioning.’

      Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

      This post appeared first on investingnews.com

      Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (OTCQB: SRANF) (‘Sranan’ or the ‘Company’) continues to work towards the filing of its annual audited financial statements, management’s discussion and analysis, and CEO and CFO certifications for the fiscal year ended September 30, 2025 (the ‘Required Filings’).

      The previously identified transactional complexities have been addressed, and the review of the transactions is ongoing. The principal remaining items relate to transaction accounting testing and clarification of VAT treatment in Suriname, with other minor items including tax provision calculations, confirmations, and procedural documentation. As the audit has progressed, the volume of supporting documentation has increased and is being provided to the auditor, resulting in outstanding audit items representing approximately 18%. Sranan remains in ongoing communication with its auditor to confirm any remaining documentation requirements and has committed to providing any outstanding materials promptly upon request. Sranan anticipates that the audited financial statements will be completed and filed on or before February 27, 2026.

      The Required Filings were due to be filed by January 28, 2026. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203‘) to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on January 29, 2026. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

      The Company currently expects to file its interim first-quarter financial statements on or before the applicable filing due date.

      Both the Company and its auditors are working diligently towards the completion and filing of the Required Filings, and the Company will provide additional updates.

      The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

      For further information with respect to the MCTO, please refer to the Company’s news releases dated January 21, 2026, and February 4, 2026, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.

      About Sranan Gold

      Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname and Canada. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts.

      For more information, please visit http://www.sranangold.com.

      For further information, please contact:
      Oscar Louzada, CEO
      +31 6 25438975

      THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

      Forward-looking statements

      Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sranan and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’

      This news release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sranan does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.

      To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284465

      News Provided by TMX Newsfile via QuoteMedia

      This post appeared first on investingnews.com

      Genesis Minerals (ASX:GMD,OTCPL:GSISF) has struck a recommended deal to acquire Magnetic Resources (ASX:MAU) in a transaction that would add more than 2 million ounces of high-grade gold to its Laverton inventory and reshape its production growth outlook in Western Australia.

      Under a binding Scheme Implementation Deed announced Tuesday (February 17), Genesis will acquire 100 percent of Magnetic via a court-approved scheme of arrangement. The offer values Magnetic at approximately US$450 million on a fully diluted basis.

      At the centre of the deal is Magnetic’s flagship Lady Julie gold project in the Laverton region, which hosts a mineral resource of approximately 2.2 million ounces grading 1.8 grams per tonne (g/t) gold, and ore reserves of around 1 million ounces at 1.7 g/t. The project sits roughly 20 kilometres from Genesis’ operating 3 million tonne per annum Laverton mill.

      “This transaction creates substantial value for both groups of shareholders, delivering genuine synergies while combining the right assets with the right people,” Genesis Executive Chair Raleigh Finlayson said.

      “Magnetic’s Lady Julie Gold Project will add more than 2Moz at an attractive high grade to Genesis’ Laverton inventory, further bolstering the mine life and production outlook.”

      Lady Julie’s northern boundary adjoins ground recently acquired by Genesis through its purchase of Focus Minerals’ (ASX:FML,OTCPL:FCSUF) Laverton gold project, creating the potential to integrate what would otherwise be neighbouring standalone developments into a larger open pit operation.

      Genesis said removing tenement boundaries between the assets presents tangible cost and operational synergies. The acquisition would expand its Laverton mineral resources to approximately 8.4 million ounces, representing a 40 percent increase, and lift its pro forma total mineral resources to 21 million ounces.

      The company signaled that the deal could support an uplift to its “ASPIRE 500” growth strategy, with an updated multi-year plan expected following completion.

      Magnetic Managing Director George Sakalidis said the deal follows a strategic review exploring development pathways for Lady Julie: “Genesis’ offer follows a strategic review which the Board and its advisers have been working on for several years to explore potential options to collaborate with other operators which have the existing skill set or combination synergies to develop Magnetic’s discoveries and unlock value for our shareholders.’

      If implemented, Magnetic shareholders would own approximately 2.4 percent of the enlarged Genesis. Major shareholders representing about 19.6 percent of Magnetic’s issued shares have already committed to vote in favour of the scheme, subject to customary conditions.

      Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

      This post appeared first on investingnews.com

      Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid to take over the streaming and cable giant.

      In a statement, Warner Bros. Discovery said it had rejected the latest $30-a-share offer from Paramount but would give the company until Monday ‘to make its best and final offer.’

      It also said a ‘senior representative’ of Paramount had indicated that the CBS owner would be willing to meet an even higher price, $31 a share, seemingly enticing the board back to the table.

      At the same time, Warner Bros. is still recommending its shareholders vote at a special meeting March 20 to approve the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

      Paramount is seeking to buy the entirety of Warner Bros. Discovery.

      ‘Every step of the way, we have provided [Paramount Skydance] with clear direction on the deficiencies in their offers and opportunities to address them,’ David Zaslav, CEO of Warner Bros. Discovery, said in the statement.

      In a letter to the Paramount board — chaired by David Ellison, also the company’s CEO and controlling shareholder — Warner Bros. said that while Paramount had indicated it would address ‘unfavorable terms and conditions,’ these had not yet been removed from the proposed merger agreement.

      Warner Bros. has repeatedly rejected previous bids from Paramount, citing the ‘insufficient value’ offered.

      In a separate statement, Netflix hit out at what it called Paramount’s ‘antics.’

      ‘Throughout the robust and highly competitive strategic review process, Netflix has consistently taken a constructive, responsive approach with WBD, in stark contrast to Paramount Skydance,’ it said.

      Netflix said that it was ‘confident that our transaction provides superior value and certainty’ but also recognized ‘the ongoing distraction for WBD stockholders and the broader entertainment industry caused by’ Paramount. The company said it granted Warner Bros. the one-week window to reopen talks with Paramount to ‘fully and finally resolve this matter.’

      Netflix also took aim at the regulatory process required for either company to complete a takeover.

      It said that Paramount has ‘repeatedly mischaracterized the regulatory review process by suggesting its proposal will sail through.’

      ‘WBD stockholders should not be misled into thinking that PSKY has an easier or faster path to regulatory approval — it does not,’ Netflix said.

      In a statement, Paramount Skydance reiterated its existing offer to Warner Bros. Discovery of $30 per share. The company did not indicate if it would submit a higher bid.

      Paramount called the one-week negotiating window ‘unusual’ but said it ‘is nonetheless prepared to engage in good faith and constructive discussions.’

      The Ellison-backed media giant also said it would continue advocating against the Netflix deal and submit a slate of directors for Warner Bros.’ board at the upcoming shareholder meeting, as it previously planned to.

      President Donald Trump, whose administration approved Ellison’s takeover of Paramount last year, said early in the bidding process he would be involved in approving a deal with Warner Bros.

      But earlier this month, Trump changed his tune. ‘I’ve been called by both sides, it’s the two sides, but I’ve decided I shouldn’t be involved,’ he told ‘NBC Nightly News’ anchor Tom Llamas.

      Trump still hinted that one company looked problematic to him. ‘I mean, there’s a theory that one of the companies is too big and it shouldn’t be allowed to do it,’ he said.

      ‘They’re beating the hell out of each other and there’ll be a winner,’ Trump said.

      Warner Bros. has an archive of storied movies, as well as a diverse portfolio of brands including CNN and HBO.

      The bidding war for the media empire comes at a pivotal time for the entertainment industry, with traditional broadcasters and studios facing serious challenges from digital newcomers Netflix, Apple and Amazon.

      Since Netflix announced its deal to buy parts of Warner Bros. Discovery, its shares have tumbled nearly 25%.

      This post appeared first on NBC NEWS

      The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets.

      CFTC Chairman Michael Selig said Tuesday in a video posted on X that the agency has filed a “friend of the court brief” in support of Crypto.com in its escalating legal battle with regulators in Nevada.

      The move is significant because it marks the first time under Selig that the CFTC has taken sides in what is shaping up to be an epic fight between regulators and prediction markets, platforms that allow users to trade contracts tied to a wide range of events, from local elections to the Super Bowl.

      By intervening, Selig’s CFTC is effectively arguing that prediction markets are federally regulated and not subject to state-level gambling laws.

      “Over the past year, American prediction markets have been hit with an onslaught of state-led litigation,” Selig said in the video.

      “The CFTC will no longer sit idly by while overzealous state governments undermine the agency’s exclusive jurisdiction over these markets by seeking to establish statewide prohibitions on these exciting products,’ said Selig.

      The debate over how the platforms should be regulated comes as they explode in popularity. Kalshi said Super Bowl 60 generated more than $1 billion in total trading volume — a 2,700% increase from last year.

      It’s a fight with broad implications and high stakes. Over the past year, several states including Massachusetts and Nevada have moved to restrict prediction markets, filing lawsuits, issuing cease-and-desist letters and arguing that the platforms amount to unlicensed gambling.

      Utah’s Republican governor, Spencer Cox, said in a post on X Tuesday that he will use “every resource” within his disposal to “beat” Selig in court.

      “These prediction markets you are breathlessly defending are gambling—pure and simple,” he said. “They are destroying the lives of families and countless Americans, especially young men. They have no place in Utah.”

      Meanwhile, Cox’s fellow Republican, Sen. Bernie Moreno of Ohio, issued his support of Selig’s announcement on X. “Clear lines of delineation and clarity on regulations is essential for American led innovation,’ he said.

      Selig’s move comes days after a group of Democratic senators led by Nevada’s Catherine Cortez Masto sent the chairman a letter urging the CFTC to ‘abstain from intervening in pending litigation involving contracts tied to sports, war, or other prohibited events.’

      As states attempt to rein in these fast-growing platforms, the question is no longer simply whether these products amount to gambling. It’s who gets to decide that question.

      Industry advocates argue that the platforms aren’t gaming, which is traditionally regulated by states. Instead, they claim the prediction markets are financial exchanges that fall under the CFTC’s purview, where users trade contracts with one another. and don’t bet against a “house.” The exchanges don’t set odds or take the opposite side of trades. Instead, they collect transaction fees, similar to a brokerage.

      In the video, Selig said prediction markets allow Americans to “hedge commercial risks like increases in temperature and energy price spikes,” and they act as “an important check on our news media and our information screens.”

      He ended the video with a warning directed at the state attorneys general who are on the front lines of the legal fights to regulate prediction markets: “To those who seek to challenge our authority in this space, let me be clear: We will see you in court.”

      This post appeared first on NBC NEWS

      Former Biden White House press secretary Jen Psaki raised alarm recently about an international ‘web’ surrounding Jeffrey Epstein’s sex-trafficking case, echoing remarks from many Democrats who have seized on the politically expedient topic in the wake of the Department of Justice releasing Epstein’s unclassified case files.

      ‘It is Trump, yes. … But it is the wealthy, the elites, and basically every faction of the world,’ Psaki, a political analyst for MS Now, said in a video clip. ‘It’s global leaders. It’s people in the business sector. It is people in Hollywood probably, who knows. It is a bunch of people who think that they can get away with anything.’

      Democrats have since last year claimed that Epstein’s case has newfound salience because Trump, once among Epstein’s many wealthy friends before Epstein was accused of trafficking underage girls, was, in their view, suspiciously dismissive of the files when he took office.

      Republicans have countered, however, that Democrats had full access to the documents for four years under the Biden administration — when Psaki served as the chief White House spokesperson — and neither released them nor uncovered information damaging to Trump. Fox News Digital reached out to Psaki for comment.

      Rep. Jamie Raskin, D-Md., ranking member of the House Judiciary Committee, told Fox News Digital claims of Democratic inconsistency ‘are seriously detached from reality’ and pointed to his own investigations dating back to 2019 into former Trump Labor Secretary Alex Acosta’s handling of a 2008 plea deal with Epstein.

      Raskin argued the Democratic Party has not shifted, but rather that the Trump administration has.

      ‘Trump abruptly killed the ongoing federal investigation into Epstein’s co-conspirators when he took office,’ Raskin said, alleging the administration undertook a ‘massive redaction project’ to hide evidence of Trump’s and others’ ties to Epstein.

      The DOJ in January released more than three million pages of files but signaled that another three million were withheld because they contained victim information or were protected by various privileges.

      ‘Democrats have always fought to support an investigation of Epstein’s co-conspirators,’ Raskin said. ‘We have always been on the side of full transparency and justice for the victims.’

      House Minority Leader Hakeem Jeffries, D-N.Y., has made similar remarks, saying, ‘All we want is full transparency, so that the American people can get the truth, the whole truth, and nothing but the truth.’

      The heightened Democratic push for transparency comes after years during which the party showed more intermittent interest in Epstein’s case, which some Democrats have attributed to the sensitivity of seeking information while Epstein associate Ghislaine Maxwell’s sex trafficking case was pending and while some of Epstein’s victims were pursuing litigation.

      But the Democrats’ new, unified fixation on Epstein has come as Republicans have struggled to manage the issue, which has caused intra-party fractures.

      The files became a political thorn for the administration after Attorney General Pam Bondi’s chaotic rollout last year of already-public files by the DOJ, which enraged a faction of Trump’s base who had been expecting new information.

      The DOJ said at the time that it would not disclose further files because of court orders and victim privacy and said the department found no information that would warrant bringing charges against anyone else. In a turnabout, however, Bondi ordered a review, at Trump’s direction, of Epstein’s alleged connections to Democrats, including former President Bill Clinton.

      The president, who was closely associated with Epstein but was never accused of any crimes related to him, also relented to months-long pressure to sign a transparency bill last year that ordered the DOJ to release all of its Epstein-related records within 30 days. Among the most vocal supporters of the bill was former Rep. Marjorie Taylor Greene, R-Ga., which resulted in her highly public falling out with the president, whom she once fervently supported.

      The Epstein saga has also plagued the administration because some of Trump’s allies, now in top roles in the DOJ, once promoted the existence of incriminating, nonpublic Epstein files, including a supposed list of sexual predators who were his clients. FBI Director Kash Patel, for instance, said in 2023 the government was hiding ‘Epstein’s list’ of ‘pedophiles.’ But the DOJ leaders failed to deliver on those claims upon taking office.

      House Speaker Mike Johnson, R-La., meanwhile, faced accusations from Democrats that he kept the House in recess for about two months in the summer to avoid votes on Epstein transparency legislation. Johnson shot back that Democrats had, in his view, been lax on the Epstein case until Trump took office.

      ‘We’re not going to allow the Democrats to use this for political cover. They had four years,’ Johnson told reporters at the time. ‘Remember, the Biden administration held the Epstein files for four years and not a single one of these Democrats, or anyone in Congress, made any thought about that at all.’

      The House Oversight Committee has also spurred infighting over how Epstein material has been handled, as it has been actively engaged in subpoenaing, reviewing, and releasing large batches of Epstein-related records from both the DOJ and Epstein’s estate.

      Committee Republicans have said their Democratic counterparts ‘cherry-picked’ material to release, such as photos featuring Trump and Epstein, and that they ‘keep trying to create a fake hoax by being dishonest, deceptive, and shamelessly deranged.’

      This post appeared first on FOX NEWS

      Negotiations between the United States and Iran advanced Tuesday toward what Tehran described as the beginning of a potential framework, but sharp public divisions between the two sides underscored how far apart they remain.

      Iranian Foreign Minister Abbas Araghchi said the two sides reached a ‘general agreement on a number of guiding principles’ and agreed to begin drafting text for a possible agreement, with plans to exchange drafts and schedule a third round of talks. 

      ‘Good progress was made compared to the previous meeting,’ he said, adding that while drafting would slow the process, ‘at least the path has started.’

      Yet Washington publicly has insisted that any agreement must result in the dismantling of Iran’s nuclear program — including its enrichment capacity — along with limits on Tehran’s ballistic missile program and an end to its support for allied militant groups such as Hamas and Hezbollah. Those demands go well beyond temporary enrichment pauses or technical adjustments.

      Iran Supreme Leader Ali Khamenei appeared to push back directly against that premise, signaling a firm ceiling on Iran’s concessions. 

      ‘The Americans say, ‘Let’s negotiate over your nuclear energy, and the result of the negotiation is supposed to be that you do not have this energy!’’ he wrote on social media as talks were underway. ‘If that’s the case, there is no room for negotiation.’

      Khamenei’s remarks suggest that while Iranian negotiators may be discussing limits or interim measures, Iran is unlikely to accept an agreement that eliminates its nuclear program outright — setting up a direct collision with the Trump administration’s insistence on dismantlement.

      ‘Progress was made, but there are still a lot of details to discuss,’ according to a U.S. official. ‘The Iranians said they would come back in the next two weeks with detailed proposals to address some of the open gaps in our positions.’

      President Donald Trump said Monday he would be watching the talks closely.

      The mistrust runs deep. 

      Iranian officials have pointed to U.S. military strikes on their nuclear facilities in June 2025 as part of the broader backdrop complicating diplomacy, arguing such actions demonstrate Washington’s willingness to use force even as negotiations unfold.

      Behind the diplomatic push, the United States has significantly expanded its military footprint in the region. The USS Abraham Lincoln is operating in the Arabian Sea, and F-35 fighter jets from the carrier shot down an Iranian Shahed-139 drone recently after it approached the strike group — a move U.S. officials described as demonstrating low tolerance for provocations.

      The USS Gerald R. Ford, the Navy’s newest aircraft carrier, is now transiting toward the Middle East. President Trump confirmed the deployment on Feb. 13, saying, ‘In case we don’t make a deal, we’ll need it.’ Reports indicate a third carrier, the USS George H.W. Bush, is being prepared for possible expedited deployment, which would create a rare three-carrier U.S. presence near Iranian waters.

      The buildup extends beyond naval forces. A squadron of F-35A Lightning II aircraft landed at RAF Lakenheath in the United Kingdom earlier in February as a staging point for potential deployment to the Middle East, while satellite imagery shows additional U.S. aircraft — including F-15E Strike Eagles and A-10 Thunderbolts — positioned at Muwaffaq Salti Air Base in Jordan.

      Logistics flights into the region have also surged. 

      More than 100 C-17 cargo aircraft have arrived since late January, transporting advanced air defense systems, including Patriot and THAAD batteries, to bases in Qatar and Saudi Arabia, according to defense tracking data.

      At the same time, Iran’s leadership has paired diplomatic engagement with forceful warnings. 

      Khamenei said the United States could be ‘struck so hard that it cannot get up again,’ and a senior commander in Iran’s Islamic Revolutionary Guard Corps Navy declared the country is prepared to close the Strait of Hormuz if ordered — a move that could disrupt roughly one-fifth of global oil flows through the strategic waterway.

      Despite the heightened rhetoric and military signaling, Iranian officials said talks would continue, framing the Geneva discussions as a step toward a possible agreement — even as the fundamental dispute over dismantlement versus preservation of Iran’s nuclear capabilities remains unresolved.

      Fox News’ Nick Kalman contributed to this report. 

      This post appeared first on FOX NEWS

      An American was sentenced Tuesday to four years in jail in Russia for allegedly trying to fly out of an airport in Moscow with the stocks of Kalashnikov assault rifles in his suitcase, a report said. 

      The unnamed U.S. citizen, who collects Kalashnikov weapons, did not make a customs declaration after purchasing two stocks and checking a suitcase containing the items at Moscow’s Vnukovo airport, Reuters reported, citing the RIA Novosti state news agency. 

      He later was found guilty under an article of Russian criminal code relating to the smuggling of weapons, it added. 

      Fox News Digital has reached out to the State Department for comment.

      Russian state media is also claiming the American partially admitted guilt, according to Reuters. 

      The State Department warns Americans not to travel to Russia ‘for any reason due to terrorism, unrest, wrongful detention and other risks.’

      ‘The U.S. Embassy in Moscow has limited ability to assist in the case of a detention of a U.S. citizen. There is no guarantee that the Russian government will grant the U.S. Embassy consular access to detained U.S. citizens,’ the State Department said. ‘U.S. citizens may serve their entire prison sentence without release. The risk of wrongful detention of U.S. citizens remains high. Even if a case is determined wrongful, there is no guarantee of release.’  

      ‘Russian officials often question and threaten U.S. citizens without reason. Russian security services have arrested U.S. citizens on false charges,’ it added. They have denied them fair treatment and convicted them without credible evidence. Russian authorities have opened questionable investigations against U.S. citizens for their religious activities.’ 

      This post appeared first on FOX NEWS