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Copper Prices Trounced By Falling Demand

Copper Prices Trounced By Falling Demand

Copper prices touched a six-month…

UN Hope for Success with New Offer in Latest Round of Talks with Iran

Talks between the five nations of the United Nations Security Council (and Germany) and Iran are set to begin again next week in Kazakhstan; the last round of talks which took place in Moscow in June 2012 failed to yield results.

It is hoped that this time new offers made to Iran will encourage cooperation and result in a resolution of the dispute over its nuclear program.

The French Foreign Minister said that they “will make an updated offer that will contain new substantive elements,” in the effort to encourage “a real exchange, leading to concrete results.”

Sergei Ryabkov, the Russian Deputy Foreign Minister, stated that his country expect “progress but no breakthrough.”

Related article: IRAN: Behind the Scenes Ahead of Kazakhstan Talks

The UN Security Council, plus Germany, are pushing for Iran to suspend its operations to produce 20% enriched uranium, whilst the Persian nation are looking for relief from international financial and trade sanctions that have been imposed upon it.

Rybakov has stated that the UN countries are expecting Iran to arrive to the new set of talks “better prepared in terms of conducting a real process of finding a common platform.”

Israel and the US have threatened that they will be willing to use military force to prevent Iran from gaining nuclear weapons capacity if diplomacy does not work.

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Ramin Mehmanparast, the spokesman for the Iranian Foreign Ministry offered that if the UN Security Council were willing to “recognize our full rights for peaceful nuclear energy, this will show their goodwill,” then Iran “will offer ways to remove concerns” that the nuclear program has a military undertone.

By. Joao Peixe of Oilprice.com



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