By Pieter Cleppe
The latest 24 hours have seen a lot of movement on the possible reactivation of the Iran nuclear deal, dubbed JCPOA. Last week, the EU sent Iran the “final text” of a revived deal, aimed at restricing Iran’s nuclear programme, in exchange for relieving sanctions.
In response to the events, the United States declared:
“We have received Iran’s comments on the EU’s proposed final text (to revive JCPOA), and we’re in the process of studying them. We’re at same time engaged in consultations with EU and our European allies on the way ahead.”
Earlier, the US urged Iran to abandon “extraneous” demands, indicating a deal is certainly not sealed.
Iran is reportedly demanding guarantees for compensation in case a future U.S. President pulls out of the pact.
My understanding is that the proposed exemption now runs for 2 1/2 years ie to the end of Biden’s first term. https://t.co/BQ1AZhyicF
— laurence norman (@laurnorman) August 16, 2022
One diplomat stated, according to CNN:
“The main issue facing the revival of the deal is the guarantees requested from the Iranian side ensuring Iran will be compensated in case future US administrations decide to withdraw again from the deal and while no real solution has been put forth.”
In the United States, opponents have accused President Biden of pushing for a deal in order to get oil prices down. In particular, following the attempted murder on Salman Rushdie, whereby the attacker apparently had links with the Iranian regime, this is not seen by everyone as a positive thing.
Oil prices tumble on possible Iran deal, stuttering China economy https://t.co/PBowF8qv0r pic.twitter.com/3aKfz2Pu4V
— UAE News | أخبار الإمارات (@EmiratesNews) August 16, 2022