• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 49 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days They pay YOU to TAKE Natural Gas
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 4 days What fool thought this was a good idea...
  • 7 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 2 days A question...
  • 13 days The United States produced more crude oil than any nation, at any time.
Europe's Nuclear Power Renaissance

Europe's Nuclear Power Renaissance

Several European countries, including the…

Princeton Scientists Unveil Breakthrough in Fusion Reactor Technology

Princeton Scientists Unveil Breakthrough in Fusion Reactor Technology

Princeton Plasma Physics Laboratory researchers…

Critics Skeptical of Kyrgyzstan Plans To Develop Uranium Reserves

Critics Skeptical of Kyrgyzstan Plans To Develop Uranium Reserves

Kyrgyzstan faces controversy and opposition…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Iran Nuclear Talks Off To A Difficult Restart

  • The indirect talks between Iran and Western Partners ended on Friday with very little progress
  • The talks restarted on Monday following several months of hiatus
  • Iran is signaling it would not curb its nuclear program until all sanctions are lifted
JCPOA

A week of resumed talks between Iranian and western diplomats about Iran’s nuclear program and the potential for lifting most international sanctions on the Islamic Republic, including on its oil exports, ends on Friday with little progress, with both the U.S. and Iran pessimistic about a successful outcome soon.

The indirect talks between the United States and Iran—via the other parties to the so-called Iranian nuclear deal, which former U.S. President Donald Trump ditched in 2018—restarted on Monday following several months of hiatus until Iran elects a new president and new administration.

A successful outcome of the talks would bring the U.S. and Iran back to the deal and lead to the removal of the U.S. sanctions on Iran’s oil industry and exports. Now it looks like a possible successful outcome is months away, and a legitimate return of Iranian barrels to the oil market, further still.

Iran is signaling it would not curb its nuclear program until all sanctions are lifted, while the U.S. and western powers want the reduction of uranium enrichment activities to happen before the potential removal of any sanctions.

Iran has stuck to its demands in this week’s talks, The Wall Street Journal reported, quoting Western and Iranian officials.

“What Iran can’t do is sustain the status quo of building their nuclear program while dragging their feet on talks. That will not happen. That’s also not our view alone. It’s very clearly the view of our European partners,” U.S. Secretary of State Antony Blinken said on Thursday.

“I have to tell you, recent moves, recent rhetoric don’t give us a lot of cause for optimism,” Secretary Blinken added.

Iran also signaled it is “not optimistic” about the way the talks resumed.

“We went to Vienna with serious determination, but we are not optimistic about the will and the intention of the United Staets and the three European parties to the deal,” Iranian media quoted Iran’s Foreign Minister Hossein Amirabdollahian as saying in a conversation with his Japanese counterpart.

By Tsvetana Paraskova for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mamdouh Salameh on December 04 2021 said:
    A lifting of US sanctions against Iran will never see the light of day now or ever. The reason is that the positions of the United States and Iran are irreconcilable.

    Iran insists on a lifting of US sanctions first before it agrees to curb its nuclear programme. This is something the United States and its allies will never accept and therein lies the problem.

    Iran’s stubborn position is underpinned by the fact that it has so far managed to mitigate the adverse impact of the sanctions and has been managing to export an estimated 1.5 million barrels a day (mbd) two-thirds of which go to China.

    Iran could, therefore, afford to take a hard line position vis-à-vis the nuclear negotiations waiting for the United States to blink first.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News