Based on the reservoir conditions of tight conglomerate reservoirs in the Mahu area of the Junggar Basin, an experiment was conducted to study the interaction between tight conglomerates, CO₂, and water. The results indicate that after CO₂ dissolves in water to form carbonic acid, it primarily reacts chemically with feldspar and calcite in the cement between the conglomerate grains. This leads to significant around-grain dissolution, with dissolution being the main process and precipitation being secondary. Ultimately, this increases the porosity and permeability of the rock, enhancing the reservoir fluid seepage capacity. The maximum increases in porosity and permeability are 3.65% and 87.36%, respectively. Additionally, the surface roughness of the rock increases after the interaction, with hydrophilic mineral quartz exposed on the surface. The water-phase wetting contact angle of the rock decreases by 7.4°, enhancing hydrophilicity. The CO₂ huff and puff process has a positive effect on improving oil recovery, with the main oil-increasing mechanisms being the enlargement of pore space to enhance fluid seepage capacity and the improvement of rock water-phase wettability, which increases reservoir water-phase imbibition capacity and crude oil mobility, thereby improving oil recovery.