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(Bloomberg) – The United States sent its reaction to the European Union’s latest proposal to revive the multinational deal that limited Iran’s nuclear program in exchange for the lifting of similar economic sanctions, a new sign that a deal may be within reach.
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“As you know, we have won Iran’s comments on the proposed final text through the EU through the EU,” State Department spokesman Ned Price told reporters on Wednesday. “Our review of those comments is now complete. We have responded to the EU today.
Price revealed the main points of the U. S. response, but the announcement signals further movement after what a senior European Union official called Iran’s “reasonable response” to the bloc’s latest proposal.
“The president is committed to achieving a diplomatic end result” here” to prevent “Iran from obtaining a nuclear weapons capability,” John Kirby, spokesman for President Joe Biden’s National Security Council, told reporters. “So we take this seriously. “
Kirby said: “We are closer now than we were just a few weeks ago because Iran made the resolution to make concessions, so this is a positive step forward. But it would go up very fast, and we said it a long time ago: gaps remain. We are still there. “
Among Iran’s concessions is the abandonment of a request to cancel the US terrorist designation of its Islamic Revolutionary Guard Corps.
An EU official showed that the bloc had won the US reaction. He sent it to Iranian officials. Nasser Kanaani, a spokesman for Iran’s Foreign Ministry, said the Islamic Republic would comment on Washington’s reaction after completing a “detailed assessment” of the latest U. S. position. USA.
Oil Perspective
Benchmark crude oil futures have fallen more than 20% since the beginning of June due to considerations about the outlook for the global economy and the option for more Iranian oil to reach the market through a renewed deal. Iran aims to fill the vacuum left by Russia in European oil. The market will ease sanctions, according to others familiar with Tehran’s strategy. By the end of the year, Europe will ban most of its member states from buying maritime cargoes of Russian oil, creating uncertainty about supply.
Oil swung between gains and losses on Wednesday as investors grappled with the prospect of more Iranian goods at a time when U. S. exports of crude and subtle goods are on record highs.
Diplomats must reach a deal that restores limits to Tehran’s nuclear program in exchange for lifting U. S. sanctions on Iran’s economy, adding oil exports. The original deal fell through after then-President Donald Trump abandoned it in 2018.
Giving new impetus to multiparty negotiations, the International Atomic Energy Agency’s investigation into uranium lines found in Iran, discovered after an Israeli operation known as covert activities imaginable, could also come to an end.
The IAEA’s investigation has become a major point of contention and an impediment to progress in weeks.
“We’re going to get there, I’m pretty sure,” IAEA Director General Rafael Mariano Grossi said Tuesday night in an interview on PBS, adding that his inspectors agreed on a mechanism for the three-year investigation.
A resolution through Biden to return to the Iran deal would face significant resistance from Republicans and some Democrats in Congress.
“Congress will have to review any agreement reached,” Rep. Michael McCaul, the most sensible Republican on the House Foreign Relations Committee, said Tuesday in a letter to Biden.
A revival of the Iran deal is also likely to meet strong opposition from Israel, America’s close best friend who has opposed the original deal from the start.
U. S. National Security Adviser Jake Sullivan met Tuesday with his Israeli counterpart, Eyal Hulata, and confided in him the Biden administration’s “commitment to making sure Iran never acquires nuclear weapons,” according to a White House statement.
(Updated with U. S. comments from the fourth paragraph)
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