Iran Nuclear Talks to resume in Qatar on Tuesday

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Iran Nuclear Talks to resume in Qatar on Tuesday

Bloomberg Iran's chief nuclear negotiator and his US counterpart are heading to Qatar in a latest attempt to revive the 2015 nuclear deal and end a months-long standoff that has inflamed tensions in the oil-rich Persian Gulf.

The talks will resume on Tuesday and Ali Bagheri Kani will travel to Doha to negotiate the removal of sanctions on Iran, according to the state-run Islamic Republic News Agency. A US State Department official said the talks are restarting this week, but he said they didn't want to be identified.

Robert Malley, the US Special Envoy for Iran, was already on his way to Qatar on Monday, according to people familiar with the matter, who discussed the negotiations on condition of anonymity.

Both sides put the onus on the other and tempered their optimism.

In the latest round of talks we re hope that we can reach the final point of an agreement if the US and European countries are realistic in their behavior, Iran s Foreign Minister Hossein Amirabdollahian told reporters at a news conference in the Turkish capital Ankara on Monday.

A deal is within reach if Iran doesn't ask for concessions that go beyond the parameters of the original nuclear accord that President Donald Trump abandoned in 2018, according to a State Department official.

The Joint Comprehensive Plan of Action, known as the Joint Comprehensive Plan of Action, placed strict controls on Iran's nuclear activities in exchange for the lifting of sanctions, including easing restrictions on the OPEC producer's oil exports. It may lead to more Iranian crude sales and lower prices, which have surged 45% this year to around $110 a barrel.

The negotiations have dragged on for more than a year, even though energy and food prices have surged globally. Russia's war on Ukraine is driving fear of famine in many countries, and high inflation is stalking the richest economies.

After Trump imposed a harsher sanctions regime on the Islamic Republic in 2015, the agreement unraveled, with dramatic consequences for Iran's economy and domestic politics. Tehran expanded its nuclear activities in response to the limits on uranium enrichment spelled out in the accord. Iran was censured this month by the International Atomic Energy Agency for failing to cooperate with its investigators.

The Group of Seven nations meet in the Bavarian Alps to discuss the multinational nuclear accord, which is a bid for new momentum. A French presidential official said on the sidelines of the summit that Iran and Venezuela should be allowed to return to oil markets to help stabilize prices, describing US sanctions on energy exports as a knot that needs to be untied.

The talks in Doha will involve the European Union spokesman and envoys from Tehran and Washington, and they follow a visit by the EU s top diplomats to the Iranian capital, where they said on Saturday that the negotiations will resume within days and take place in a Persian Gulf state.

After about a year of discussions in Vienna, where the original deal was sealed seven years ago, the negotiations stalled in March. A Trump-era terrorism designation for Iran's elite military branch, the Islamic Revolutionary Guard Corps, is one of the few issues that remain unresolved between Tehran and Washington.

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