• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 20 mins WTI @ $75.75, headed for $64 - 67
  • 17 mins Trump vs. MbS
  • 9 hours The Dirt on Clean Electric Cars
  • 5 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 16 hours Uber IPO Proposals Value Company at $120 Billion
  • 7 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 5 hours EU to Splash Billions on Battery Factories
  • 20 hours COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 10 hours Coal remains a major source of power in Europe.
  • 7 hours Poland signs 20-year deal on U.S. LNG supplies
  • 23 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 16 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 19 hours Nopec Sherman act legislation
Alt Text

The Middle East Nuclear Race Is Reaching A Boiling Point

As geopolitical tension continues to…

Alt Text

Is Uranium On The Way Back?

Kazakhstan’s state-owned uranium miner has…

Andy Tully

Andy Tully

Andy Tully is a veteran news reporter who is now the news editor for Oilprice.com

More Info

Trending Discussions

Iran Optimistic About Nuclear Energy Deal And End To Sanctions

Iran Optimistic About Nuclear Energy Deal And End To Sanctions

Iranian President Hassan Rouhani says he intends to reach a deal with West and end years of sanctions despite the objections of a “few” opponents who use their country’s crippled economy to enhance their own power.

“Some people may not like to see the sanctions lifted. Their numbers are few, and they want to muddy the water,” Rouhani told an audience on Dec. 15 at the Central Bank in Tehran. He evidently was referring to hard-liners, including leaders of Iran’s elite Revolutionary Guards, who oppose any rapprochement with the West, to maintain their grip on the country's economy.

“The overwhelming majority of our nation – intellectuals, academics, theologians, the greats, and the leadership – are in favor of getting the sanctions removed,” said Rouhani, who became president on Aug. 3 pledging to negotiate an end to the sanctions and to end Iran’s isolation from the rest of the world.

Related: Iran Leader Says US Not Only Target Of Suspected Saudi Oil Price War

He said coming to terms with the West will economically benefit all Iranians, not just the country’s political, military and religious elite. “The people will achieve their rights,” he said. “You should also prepare for interaction with the world. You should know that in the near future many investors will come to our country.”

As Rouhani was speaking in Tehran, U.S. and Iranian negotiators in Geneva began two days of preliminary meetings about the 12-year-old dispute over Iran’s nuclear program. Tehran has consistently argued that its program is peaceful, but many in the West believe it may lead to nuclear weapons.

Broader talks are expected to resume between all the parties in the negotiations: the five permanent members of the UN Security Council – Britain, China, France, Russia and the United States – plus Germany. The group is also known as the P5+1.

Earlier talks failed to reach an agreement by a deadline in November, but the two sides appeared to have come close enough at the time that the deadline was extended until July 2015. Rohani has consistently expressed optimism about their outcome, and his foreign minister, Mohammad Javad Zarif, has said an accord could be reached within “weeksIran’s Murky Nuclear Past May Disrupt Its Future.”

In fact, the goal of the P5+1 is to agree on the basic outline of a deal by the end of March 2015, then work out the technical specifics of the deal during the three months remaining before the new deadline.

Related: Iranian Nuclear Talks To Continue Until July

The preliminary meeting on Dec. 15 between officials from Tehran and Washington was led by Iranian Deputy Foreign Minister Abbas Araqchi and Wendy Sherman, the US acting deputy secretary of state. Some small progress was reported.

“Some differences have been bridged, some others haven’t,” a delegate to the meeting told Iran’s official Islamic Republic News Agency, according to Reuters. “There is need for more diplomacy and consultations.”

The sticking point in the long dispute has been Tehran’s objection to limiting its uranium enrichment facilities, which can have both peaceful and military uses. It is that reluctance that has led to the sanctions.

By Andy Tully of Oilprice.com

More Top Reads From Oilprice.com:


x


Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News