Thursday, 15 November 2018

No breakthrough in Iran nuclear talks

VIENNA: World powers and Iran appeared to make no concrete breakthrough in talks to provide Tehran with an economic package to compensate for US sanctions that begin taking effect in August.

Ministers from Britain, China, France, Germany and Russia met their Iranian counterpart in Vienna for the first time since US President Donald Trump left a nuclear accord in May, but diplomats had seen limited scope for salvaging it.

Trump pulled the United States out of the multinational deal under which sanctions on Iran were lifted in return for curbs on its nuclear program verified by the International Atomic Energy Agency (IAEA). Washington has since told countries they must stop buying the OPEC producer’s oil from November 4 or face financial consequences.

Speaking after three hours of talks, EU foreign policy chief Federica Mogherini, who chaired the talks, read a statement from the six delegations repeating previously-announced broad priorities ranging from guaranteeing Iranian oil revenue to shipping ties, banking and all other trade and investment co-operation.

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