• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 6 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours Evergrande is going Belly Up.
  • 9 hours World’s Biggest Battery In California Overheats, Shuts Down
  • 8 hours U.S. Presidential Elections Status - Electoral Votes
  • 3 hours Poland Expands LNG Powered Trucking and Fueling Stations
  • 6 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 1 day And now, hybrid electric locomotives...
  • 9 hours Ozone layer destruction driving global warming
  • 23 hours The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 1 day The Painful Death of Coal
  • 8 hours The coming Cyber Attack
  • 8 hours Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 11 hours 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
The Battle For Control Of East Mediterranean Energy

The Battle For Control Of East Mediterranean Energy

When significant natural resources were…

Iran Says It Will Return To Nuclear Compliance After U.S. Lifts Oil Sanctions

Iran insists that it will only start complying with its obligations under the nuclear deal after the United States removes all the sanctions on the Islamic Republic, Iran’s Supreme Leader, Ayatollah Ali Khamenei, said.

World powers, including the United States, started talking about the deal in Vienna this week.

“Iran will return to its JCOPA obligations once the US fully lifts its sanctions in action and not in words or on paper, and once Iran verifies the sanction relief,” Iran Press News Agency reported, citing the Ayatollah as saying.

On Thursday, Iran’s deputy foreign minister for political affairs, Abbas Araqchi, also said that Tehran would resume full compliance with the so-called nuclear deal only after the United States lifts all sanctions, including those on Iran’s oil exports. 

“The US must lift anti-Iran sanctions [and only] then Tehran would resume compliance with [the] JCPOA,” Araqchi told Iran’s Press TV from Vienna on Thursday.

The United States, under the Biden Administration, is seeking to revive the nuclear deal, or the Joint Comprehensive Plan of Action (JCPOA) as it is officially known, after the Trump Administration pulled out of the agreement in 2018 and imposed sanctions on Iran’s oil, shipping, and banking industries.

The Biden Administration, however, has set Iran’s return to compliance with its nuclear activities as a condition before it would consider lifting the sanctions.

Despite the fact that the United States and Iran are now indirectly talking—via the European, Russia, and Chinese signatories to the nuclear deal—positions remain apart. Both the United States and Iran are demanding that the other make the first concession.

Analysts see the start of indirect talks as a positive sign toward lifting the sanctions on Iran’s oil exports at some point in the future. However, most analysts also see the return of Iranian barrels legitimately on the oil market as a move that would be taken into account by the OPEC+ group so that oil prices would not sink.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

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