Iran negotiator: based on accords so far, U.S. sanctions on oil, banks would be lifted – Reuters

SourceReuters
SectorOil & Gas
CountryGulf

Iran’s chief nuclear negotiator said on Saturday Tehran expects U.S. sanctions on oil, banks and most individuals and institutions to be lifted based on agreements so far in Vienna talks, Iranian media reported, while Washington again played down the prospect of an imminent breakthrough.

Russia and Western European powers meanwhile gave contrasting accounts of the task ahead in the talks to bring Iran and the United States fully back into compliance with a 2015 nuclear deal, as the talks adjourned for six days.

“Sanctions … on Iran’s energy sector, which include oil and gas, or those on the automotive industry, financial, banking and port sanctions, all should be lifted based on agreements reached so far,” Deputy Foreign Minister Abbas Araqchi was quoted as saying by Iranian state media.

Araqchi did not say under which mechanism sanctions would be lifted or refer to how Tehran would meet Washington’s demands and return to its commitments under the deal.

“We will negotiate until the two sides’ positions...read more...