The Nuclear Deal With Iran
Iran has agreed to curtail its nuclear activities, permit more international inspections and reduce its stockpile of enriched uranium in exchange for as much as $7 billion in relief from international sanctions, in a six-month pact struck after talks were deadlocked since 2003. Below, full coverage of the deal's impact on global markets and businesses and political reactions in Washington, Tehran, Jerusalem and Riyadh.
European Union foreign policy chief Catherine Ashton, world powers’ lead negotiator with Iran, met with top officials in Tehran to build on efforts to parlay an interim nuclear deal into a final accord.
Israeli Prime Minister Benjamin Netanyahu left Washington behind after tangling with President Barack Obama over Middle East peace efforts, to fly to the West Coast to promote a less contentious agenda: his country’s movies and technology.
The Obama administration is pushing Russia to use diplomacy, and urging its European allies to provide economic aid, in an effort to nudge Ukraine toward democracy after its parliament ousted President Viktor Yanukovych following violent protests.
Reaching a comprehensive deal between Iran and world powers that secures limits to the Persian Gulf nation’s nuclear work in exchange for lifting sanctions will prove “challenging” though doable, Iranian deputy foreign minister Abbas Araghchi said.
Crude advanced after Iran and six world powers concluded a meeting in Geneva without coming to an agreement on the nation’s nuclear program, tempering projections of a resolution to the dispute that has cut Iranian oil exports.
U.S. President Barack Obama and Iranian Supreme Leader Ayatollah Ali Khamenei have one thing in common: Both have voiced doubts that the talks starting today in Vienna will produce a deal to curtail Iran’s nuclear program.
Imports of Iranian crude rose by 100,000 barrels a day last month, with China, Japan and India taking more oil as a deal easing sanctions over Iran’s nuclear program took effect, the International Energy Agency said.