Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Iran envoy leaves as EU says time to decide on nuclear talks

Published 03/06/2022, 11:52 PM
Updated 03/07/2022, 05:55 PM
© Reuters. FILE PHOTO: The Iranian flag flutters in front the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria July 10, 2019.  REUTERS/Lisi Niesner/File Photo
TWTR
-

By John Irish, Parisa Hafezi and Francois Murphy

VIENNA (Reuters) -Iran and the United States must take a political decision within days to prevent the failure of indirect talks on reviving the 2015 nuclear deal after 11 months of negotiations rocked by a last-minute Russian demand of a sanctions exemption.

The European Union's top envoy Enrique Mora, who coordinates the talks, tweeted: "Just to clarify. There are no longer 'expert level talks.' Nor 'formal meetings.' It is time, in the next few days, for political decisions to end the #ViennaTalks. The rest is noise."

Mora's Twitter (NYSE:TWTR) post followed the departure of Iran's chief negotiator Ali Bagheri Kani on Monday for consultations in Tehran and a report in Iranian media that experts would further pursue talks in Vienna.

In Washington, White House press secretary Jen Psaki told reporters the United States and its allies are "getting closer" to a nuclear deal with Iran but "important components" still need to be decided, she said without elaborating.

Should the talks collapse, it could carry the risk of Tehran getting to within a short sprint of nuclear weapons and igniting a fresh war in the Middle East. It could also prompt the West to impose more harsh sanctions on Iran and further escalate world oil prices already strained by the Ukraine conflict.

Parties involved in the talks between Tehran and world powers in Vienna had said last week that a deal was expected to be reached within days.

European negotiators from France, Britain, and Germany had already temporarily left the talks as they believed they had gone as far as they could go and it was now up to the two main protagonists to agree on outstanding issues, including the extent to which sanctions on Iran would be rolled back.

Over the weekend Russian Foreign Minister Sergei Lavrov complicated matters when he said Moscow wanted a guarantee from the United States that its trade, investment and military-technical cooperation with Iran would not be hindered by sanctions imposed on Russia since it invaded Ukraine.

On Monday, Lavrov insisted on Moscow's demand by telling Iranian Foreign Minister Hossein Amirabdollahian in a phone conversation that the revived nuclear deal should not allow for any discrimination between participants.

France on Monday warned Russia not to resort to blackmail over efforts to revive the deal.

Oil prices hit their highest since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded.

'TRYING IT ON'

Diplomats have told Reuters that several issues still needed to be resolved in the talks to revive the nuclear pact, under which Tehran limited its nuclear programme in return for relief from U.S., European Union and U.N. sanctions.

In 2018 then-U.S. President Donald Trump abandoned the nuclear pact and reimposed harsh sanctions that squeezed Tehran's oil exports.

Iran analyst at consultancy Eurasia group, Henry Rome, said the talks are "certainly in a very delicate point".

"I think the new Russian demand is poised to delay progress further," he said.

While Tehran said it would not allow "any foreign elements to undermine its national interests", Iran's top security official, Ali Shamkhani, called on Washington on Monday to make political decisions.

"Priority of Iranian negotiators is to resolve remaining issues that are considered (a) ... red line. Rapid access to a strong deal requires new initiatives from all parties," Shamkhani tweeted.

A European diplomat said: "The Russians are really trying it on and the Iranians aren't happy, although of course not saying too much publicly. We're trying to find a way through."

© Reuters. FILE PHOTO: Iran's chief nuclear negotiator Ali Bagheri Kani arrives at Palais Coburg where closed-door nuclear talks with Iran take place in Vienna, Austria, February 8, 2022.  REUTERS/Leonhard Foeger/File Photo

Russia's concerns about the impact of Western sanctions on its dealings with Iran follow a push by senior Iranian officials for deeper ties since hardliner Ebrahim Raisi became president last year.

Iran's top authority, Supreme Leader Ayatollah Ali Khamenei, has called for closer ties with Russia due to his deep mistrust of the United States.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.