Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

World powers test Iran's commitment to talks, Tehran stays firm

Published 12/10/2021, 05:01 AM
Updated 12/10/2021, 04:10 PM
© Reuters. FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner/File Photo

By Francois Murphy, Parisa Hafezi and John Irish

VIENNA (Reuters) -World powers and Iran were locked in talks on reviving their nuclear deal on Friday, with a European source saying they were working from texts discussed five months ago and Iranian officials saying they were sticking to a tough stance from last week.

The talks resumed on Thursday with the United States and Israel - which is not a party to the 2015 deal - piling rhetorical pressure on Tehran about the possible economic or military consequences if diplomacy fails.

Iran's top negotiator, Ali Bagheri Kani, said Tehran was standing firm on the position it laid out last week, when the talks broke off with European and U.S. officials accusing Iran of making new demands and of reneging on compromises worked out earlier this year.

Asked whether new draft proposals that Iran had put forward last week were being discussed, Bagheri Kani told Reuters: "Yes, the drafts we proposed last week are being discussed now in meetings with other parties."

Bagheri said last week that "all the issues that had been drafted during the previous negotiations until June can be negotiated".

"Iran backs result-oriented talks and we are determined to reach a deal that guarantees our nation's interests," Bagheri told reporters in Vienna.

A European source, speaking on condition of anonymity, appeared to suggest that Iran had agreed to continue talks from where they left off in June. This would be put to the test in the next couple of days, the source said, but made no mention of Iran's new proposals. Iranian officials denied it.

Under the original deal that then-President Donald Trump abandoned in 2018, Iran limited its nuclear programme in return for relief from U.S., European Union and U.N. sanctions. The

West fears the programme would be used to develop weapons, something Tehran denies.

The indirect U.S.-Iranian talks, in which diplomats from France, Britain, Germany, Russia and China shuttle between them because Tehran refuses direct contact with Washington, aim to get both sides to resume full compliance with the accord.

A year after Trump's reimposition of sanctions on Iran, Tehran began to gradually violate nuclear limits of the agreement. Iran wants all sanctions to be lifted.

"Iran's seriousness is obvious. See who has cancelled other meetings and is in Vienna and who is not," Bagheri Kani said.

His comments suggested he was alluding to the United States' chief negotiator Rob Malley, who is not expected to arrive in Vienna until the weekend.

© Reuters. FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner/File Photo

However, a senior European Union official said on Friday the talks are moving forward and that various big matters were still open for a deal on a final text.

The talks resumed last week after a five-month hiatus caused by the June election of hardline cleric Ebrahim Raisi as Iran's president.

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.