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Free AccessTehran Rejects US Overtures, Demands All Sanctions Lifted Before New Talks
The Iranian gov't has rejected an offer from the United States gov't to return to the negotiating table to discuss a new nuclear deal in exchange for Tehran stopping its 20% uranium enrichment (a level well above the 5% outlined in the deal appropriate for civil nuclear power generation).
- Yesterday, Politico reported that the Biden administration had put forward an offer or lifting some sanctions in exchange for a halt to 20% enrichment and stopping work on advanced centrifuges.
- The US, as well as the E3 countries (France, Germany, the UK) and the EU, have been pressing hard to try to get new discussions underway sooner rather than later, with the knowledge that Iran holds its presidential election in June, and once campaigning begins the prospect of talks taking place is minimal.
- In rejecting the US offer, Iranian state TV reports that "A senior Iranian official tells Press TV that Tehran will stop its 20-percent uranium enrichment only if the US lifts ALL its sanctions on Iran first,". Interestingly the statement did not mention halting work on centrifuges, so this could prove an area of concession for Tehran.
- Nevertheless, the chances of the US lifting all sanctions before talks is slim-to-none, making talks being agreed to in the coming weeks a difficult prospect.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.