Russia, China, and the European signatories to the so-called Iran nuclear deal agreed on Friday to intensify talks on bringing the United States and Iran back into the Joint Comprehensive Plan of Action (JCPOA), the diplomat leading the Russian delegation at the talks said.
“The Joint Commission of #JCPOA at its meeting today opened a new round of the talks on full restoration of the nuclear deal. The participants agreed on the need to intensify the process. The delegations seem to be ready to stay in Vienna as long as necessary to achieve the goal,” Mikhail Ulyanov, Representative of Russia to International Organizations in Vienna, who leads the Russian delegation at the talks, tweeted on Friday. The U.S. and Iran have been holding indirect talks in Vienna since last month on possible ways for both countries to return to the deal. U.S. President Joe Biden has signaled a willingness to return to the nuclear deal, but only if Iran returns to full compliance in its nuclear activities.
Iran, for its part, has said it would start complying with the deal only after the U.S. lifts the sanctions, including the oil sanctions, on Tehran.
Iran will be able to raise its crude oil exports to 2.5 million barrels per day (bpd) after the U.S. sanctions on its oil industry are lifted, a top Iranian official said this weekend.
The indirect talks between the United States and Iran have made some progress but not major breakthroughs in recent weeks. However, diplomatic shuttles of U.S. officials and senators in the Middle East in recent days have intensified reports that there could be a breakthrough soon.
A deal is in the works that will only collapse if Iran decides not to play ball, officials from Saudi Arabia, the United Arab Emirates (UAE), and from the U.S. say, The Dispatch reports.
Russia’s Ulyanov has said, as carried by news agency TASS, that the participants in the talks are “determined to do their utmost to complete the talks by the end of May.”
On Thursday, Ulyanov tweeted:
“The Head of the Iranian delegation is cautious in his assessment of the current state of affairs at the Vienna talks (very similar to assessments of the US colleagues). But both #Iran and #US refrain from pessimistic conclusions. This seems to be not a bad sign as of the moment.”
By Charles Kennedy for Oilprice.com
More Top Reads From Oilprice.com:
- How Russia Could Kickstart Another Oil Price War
- EU Admits It Can’t Go Net-Zero Without Natural Gas
- The 5 Most Influential Oil Companies In The World