• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 7 days Energy Armageddon
  • 5 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 3 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 5 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 3 days The Federal Reserve and Money...Aspects which are not widely known
  • 4 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 7 days Сryptocurrency predictions
  • 4 days Goldman Betting on Cryptocurrencies
  • 12 days Putin and Xi Bet on the Global South
The Diesel Crisis Is Going Global

The Diesel Crisis Is Going Global

Diesel inventories across the globe…

The U.S. Shale Boom Is Officially Over

The U.S. Shale Boom Is Officially Over

While U.S. oil and gas…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

Iran Nuclear Deal Talks Stalled Following Oil Tanker Attack

With new president Ebrahim Raisi now in office, Iran says it's ready to resume JCPOA nuclear talks with world powers in Vienna, which includes indirect negotiations with the United States.

The prior sixth round of talks had concluded on June 20, and have since been stalled with prior speculation that the seventh would continue by mid-August. But that doesn't look to happen either, with the Associated Press now citing EU officials familiar with the talks saying the expectation is for a resumption of talks in September

Iranian president Ebrahim Raisi, via Tasnim News Agency

The Biden administration has previously called it "an urgent priority" to get Iran back to the table at talks which have been taking place at a hotel in Vienna. Iran had pushed back to the talks until after the hardline cleric Raisi entered office, resulting in French and German accusations that Tehran was stepping back from the talks.

EU officials familiar with the situation say that they’ve been told Iran’s new Raisi government is ready to restart the nuclear talks in Vienna, which had been put on hold pending the inauguration, resulting in some European leaders charging Tehran with backing away from talks. Both sides have since accused the other of stalling.

It's also as yet unclear who on the Iranian side will be heading up the talks. The Times of Israel suggests the following based on a top European official

The senior official, speaking on condition of anonymity, said the EU’s negotiator on the file, Enrique Mora, attended Raisi’s swearing-in in Tehran last Thursday and spoke with the Iranian official designated to take charge of the nuclear talks, Hossein Amir-Abdollahian. He is the former deputy foreign minister for Arab and African Affairs in Iran’s Ministry of Foreign Affairs.

Amir-Abdollahian "is supposed to be the new foreign minister" in Raisi’s cabinet, but that has not yet been announced, the EU official said.

The consistent position of Iran in the talks has been that Washington must immediately drop the Trump-era sanctions in order to return to the JCPOA nuclear deal. Only then will Tehran in turn reduce its uranium enrichment capacity.

In the meantime the 'tanker wars' between Israel and Iran appear to be back in full force. US Secretary of State Antony Blinken is currently demanding "accountability" for alleged Iranian attacks on the Mercer Street tanker off Oman late last month and the brief hijacking of the Asphalt Princess in Gulf waters last week. The new comments come after a week ago he vowed a "collective response" for the Israeli-managed Mercer Street drone attack, which British and Romanian crew members dead.

The longer that Vienna talks fail to resume, the more the likelihood of a sabotage event or direct conflict between Iran and Israel (or Western allies) remains, which could shut down talks permanently.

By Zerohedge.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mamdouh Salameh on August 10 2021 said:
    Iran’s hardline president Ebrahim Raisi and his supports in the Islamic Revolutionary Guard Corps (IRGC) will derail any further negotiations on a new Iran deal unless it is on their own terms. This means a lifting of US sanctions first and no limits to be imposed on Iran’s nuclear and ballistic missile development programmes.

    Without the United States agreeing first to lift the sanctions, Iran won’t even negotiate with the Biden administration. On the other hand, the United States won’t lift the sanctions without Iran agreeing to renegotiate the nuclear deal and therein lies the problem.

    From the United States’ point of view and its allies’, renegotiating the deal means Iran’s relinquishing its nuclear and ballistic missile development programmes which Iran will never do.

    The positions of Iran and the United States are irreconcilable. That is why a lifting of US sanctions against Iran won’t see the light of day soon or ever.

    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