April 6, 2021
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1:08Now PlayingIran and world powers began their most serious attempt yet to resurrect a troubled nuclear deal, with negotiators from the U.S. and Islamic Republic gathered at the same venue for the first time since Donald Trump sent the accord into freefall in 2018.
The talks at Vienna’s Imperial and Grand hotels on Tuesday may extend through the end of the week if progress is made, according to two officials involved. Iranian and U.S. representatives aren’t expected to speak directly, reflecting the deep distrust they will have to overcome. Iran said formal negotiations began at around 2:30 p.m. local time.
Oil rebounded as the chances of a breakthrough were seen by analysts as slim, reducing the odds that crude flows from Iran would pick up further in the near term.
Tensions over Iran’s accelerating nuclear program have threatened to spiral into open conflict since the Trump administration broke away from the 2015 agreement and reimposed punishing sanctions on an economy heavily dependent on oil. They’ve also sparked attacks on shipping in the Persian Gulf, and fueled the war in Yemen, including escalating strikes by Iran-backed rebels on Saudi Arabian oil facilities.
The two main protagonists are far apart -- Iran’s insisting that Washington must first guarantee the full lifting of sanctions for it to scale back its enrichment activity, while the Biden White House has ruled out any “unilateral gestures.”
Robert Malley, the U.S. special envoy for Iran, is leading discussions for his government, while Iran’s team is headed by Abbas Araghchi, deputy foreign minister.
Three European nations helping to broker the talks -- Germany, France and Britain -- aren’t expecting a major positive development on Tuesday, partly because of Iran’s insistence on U.S. sanctions being removed in a single step, said a European official who declined to be named because of the sensitivity of the matter.
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