• 3 minutes Tesla is the Most American Made Car!
  • 7 minutes Should the US government be on the hook for $15 billion?
  • 9 minutes California breaks 1 GW energy storage milestone
  • 54 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 hours Severe Drought in the West Will Greatly Reduce Electrical Production from Hydroelectric Turbines.
  • 1 day The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 3 days NordStream2
  • 3 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
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 Claims Nuclear Deal Draft Is Incompatible With New Iranian Law

The draft agreement between Iran and world powers over the possible restoration of the so-called nuclear deal is incompatible with a recently passed Iranian law, a government spokesman in Tehran said on Tuesday.

According to a statement from Iranian government spokesman Ali Rabiei published on Iran’s government website and carried by Bloomberg, the Supreme National Security Council of Iran considers the draft agreement in breach of a new Iranian law passed in December 2020. The law obliged the Iranian government to limit inspections to nuclear sites and to expand uranium enrichment for peaceful purposes.  

The new Iranian legislation, entitled “Strategic Action Plan to Lift Sanctions and Protect Iranian Nation’s Interest,” is “part of a broader strategy that aims to retrieve the lost balance in the implementation of the JCPoA, the root-causes of which was the United States withdrawal from the deal and its re-imposition of sanctions on Iran and their extra-territorial nature and impacts,” Iran told the International Atomic Energy Agency (IAEA) early this year.  

“In fact, this bill seeks to act in such a way as to provide another opportunity to save the JCPoA through lifting sanctions,” Iran said in its communication dated January 29, 2021.

According to Bloomberg, it was not immediately clear if the position of the Supreme National Security Council of Iran would impact in some form the nuclear talks in Vienna, which are currently on hiatus.

The talks, aimed at bringing the United States and Iran back to the so-called nuclear deal, have been going on for months now. The negotiations are currently adjourned until Iran’s new president Ebrahim Raisi takes over in early August.

Meanwhile, The Wall Street Journal reported on Monday, quoting U.S. officials and sources, that the United States was considering clamping down on Iran’s rising oil exports to China as a tool to either force Tehran to conclude a nuclear deal or punish it if it does not.   

By Tsvetana Paraskova for Oilprice.com

More Top Reads from Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mamdouh Salameh on July 20 2021 said:
    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 accepting limitations on its nuclear and ballistic missile development programmes which Iran will never do and therein lies the problem.

    That is why I have been repeatedly saying that a lifting of US sanctions won’t see the light of day even by 2023 or ever. The reason is that the positions of the United States and Iran are irreconcilable.

    Moreover, the United States has to consider the unthinkable possibility that Iran with its success in evading US sanctions and exporting more than 1.5 million barrels a day (mbd) or 71% of its pre-sanction exports might be willing to accept the continuation of the sanctions as a small price to pay for forcing the ejection of US forces from Iraq and Syria thus achieving a spectacular geopolitical victory over the United States.

    Alternatively, Iran’s new hardline President Ebrahim Raisi and the Islamic Revolutionary Guard Corps (IRGC) might be trying to derail the negotiations with the P5+1 unless they secure a deal on their own terms.

    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