Iran Tells U.S. That a Mere Signature Won’t Fix Nuclear Deal – Still wondering how much this will cost tax payers

U.S. must act first with removal of key trade sanctions Talks with U.S. won’t start until UN resolution is restored

Iran Flag - Energy News Beat
Both the U.S. and Iran are calling on each other to take the first step to restore the international agreement that traded sanctions relief for curbs on Iran’s nuclear program. Photographer: Atta Kenare/AFP/Getty Images

Iran said the U.S. has to remove key economic sanctions and return to full compliance with the 2015 nuclear deal before any talks on resetting the Islamic Republic’s atomic program.

The U.S. “cannot return to the nuclear accord with one signature in the way that they left with one,” Foreign Ministry spokesman Saeed Khatibzadeh said in a press conference in Tehran on Monday.

“We’re waiting for U.S. action to effectively undo sanctions, give us access to our own funds, permit easy oil exports and allow the transfer of oil revenue, shipping and insurance,” Khatibzadeh told reporters, referring to billions of dollars of payments for oil exports that are trapped overseas because of banking sanctions.

Trump Exit

Iran began enriching uranium to levels that exceed allowed limits after Donald Trump pulled the U.S. from the accord and imposed sanctions in 2018.

Khatibzadeh said there won’t be any direct bilateral talks with the U.S. until it first returns to the original bloc of six powers that brokered the accord. Washington can then join discussions over Iran’s nuclear work but within the existing mechanism that’s outlined within the Joint Comprehensive Plan of Action.

“As soon as the U.S. starts to take effective measures, Iran will respond proportionately,” Khatibzadeh said.

The stalemate raises questions over whether the crisis can be resolved before the Islamic Republic hits a deadline later this month to secure sanctions removal, or else end voluntary international nuclear inspections. Moderates in Iran are also hoping for a boost from the lifting of some sanctions ahead of presidential elections set for June.

The White House on Friday appointed Robert Malley, who served on the Obama administration team that negotiated the original deal, to serve as envoy to Iran. Malley has a long background in conflict resolution in the Middle East and his arrival was broadly welcomed by proponents of the accord.

About Stu Turley 3357 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.