Tough Nuclear Talks Await Iran, U.S. and what does it mean for oil?

Khatibzadeh said that the “window of opportunity” to break the deadlock with the U.S. over how to salvage the deal won’t close if the talks don’t deliver a breakthrough, but warned it “won’t remain open forever.”

Iran - US - Nuclear talks- energynewsbeat.com
Javad Zarif, Iran' Foreign Minister Mohammad, left, meets with Rafael Grossi, director general of the International Atomic Energy Agency (IAEA), right, in Tehran on Feb. 21. Photographer: Stringer/AFP/Getty Images

Energy News Beat Publishers Note: This meeting between Iran and the U.S. will be one to watch for several reasons. The sanctions placed on Iran have been taking their toll and disrupting cash flow for the government. We have seen some of the actions taken like “Spoofing and Doping” oil shipments to get around the sanctions. Energy News Beat ran stories on these of the last 6 months following the oil production outside of the OPEC + quotas. The new 25-year energy contract with China will also be an important factor for Iran shipping outside the world production quotas. 

Iran has been successful in keeping afloat through the sanctions and has put agreements in place to insulate itself from U.S. significance or influence. It is all about cash flow. 

Iran and the U.S. face difficult talks as diplomats prepare their latest efforts to end a crisis over the future of the 2015 nuclear deal.

Both countries will take part in negotiations with the EU, Russia and China — the remaining parties in the landmark accord — in Vienna on Tuesday to map out a path to revive the agreement, though the two will not have any direct talks.

Tehran and Washington maintain strong differences on how to revive the deal that former President Donald Trump abandoned, with Iran insisting on full and guaranteed sanctions removal in order for Iran to scale back its nuclear activity, while Washington has ruled out any “unilateral gestures.”

State Department spokesman Ned Price said on Monday he expected the talks to be “difficult” and wasn’t forecasting any breakthroughs, adding that Robert Malley, the U.S. special envoy for Iran, would lead the talks on behalf of the Biden administration.

Earlier in the day, Iran’s Foreign Ministry spokesman, Saeed Khatibzadeh, said it was up to the other powers that are still in the deal to ensure that Washington “corrects” its path and provides the guaranteed and verifiable removal of bruising penalties on Iran’s economy imposed by Trump.

Khatibzadeh said Iran was not interested in a “step by step” approach, reiterating comments made on Sunday by his country’s lead negotiator, Deputy Foreign Minister Abbas Araghchi, who has already arrived in Vienna ahead of the talks.

Iran breached some of the limits on its nuclear program more than a year after Trump abandoned the deal that was championed by his predecessor, Barack Obama. Tehran has since repeatedly rebuffed direct talks with the Biden administration on reviving the pact.

Source: Bloomberg

About Stu Turley 3230 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.