Hopes of the Iran nuclear deal being finalized over the past week were not realized, but with just a few matters left to work out, officials are saying the deal is “very, very close,” and considering it likely this week.
The big issues are seemingly worked out, with Iran holding out a “red line” for economic relief under the deal to actually pan out, a key matter since in the original deal the US never delivered on promised trade.
While everyone seemed to be souring on the deal recently, the surging price of oil seems to be reversing US sentiment, with getting Iranian oil back on the market seen as an easy source of price relief.
This might be promising for sanctions relief, because the oil trade is something important to the US now too. That makes it likely, at least in the near term, that the US would allow the oil trade to go through as promised.
I’m sure Iran knows the deal will last only as long as this crisis lasts. Same for Venezuela.
Especially if Israhell has anything to say about it.
Israel has been remarkably silent. Hmmmm.
Pardon me for saying so but… It’s kinda nice?….
Our climate change president at work: https://biologicaldiversity.org/w/news/press-releases/new-data-biden-slays-trumps-first-year-drilling-permitting-by-34-2022-01-21/
My impressions:
– all parties were satisfied with the JCPOA until Trump broke the agreement.
– While Trump claimed he broke the agreement because he thought he could get a better deal than Obama, the real reason was to cozy up to Saudi Arabia, quite possibly for personal gain.
– Iran would be fully justified in demanding compensation for breach of contract, along with enforceable guarantees that it won’t happen again.
Iran will agree to nothing unless its frozen billions are released
The nuclear side would depend on that. The sanctions side – America can end it any time they want, Iran has never refused to sell oil to a willing buyer.
Yea, and I’m sure Russia won’t intervene on this matter.
It’s essentially a purely US decision. Iran never refused to trade with America. It’s America who tried to blockade Iran. The US can stop sanctioning Iran any time they want and mutually benefit from the trade.
But they won’t and unlike Ukraine, Iran values and fears his neighbor to the north
True, but that wouldn’t stop them selling more oil. Russia didn’t refuse to sell oil when Iran was sanctioned.
If there is a deal, it’ll be only bunch of papers with six or seven signatures on them… It would be worthless until Iran sees its benefit which could takes months…!
Biden wants the deal now for his own survival.
Suddenly no more threats that time is running out.
It’s hard to believe that there was a glut of oil sitting on tankers out in the oceans with no where to unload. What a difference a year or two makes.
Russia has now tied its absolutely necessary cooperation to sanctions against Russian trade with Iran.
It is vital because Russia is to accept and hold the enriched uranium from Iran.
Correct.
Sigh… Drivel. A much better analysis is over at Moon of Alabama, to wit:
“The attempt by the U.S. to rush towards a new Iran deal to get Iranian oil flooding the markets has failed. Russia, together with Iran, has successfully blocked that move. Sanctions on Russia mean that Iran can not export its enriched uranium to Russia to be turned into nuclear fuel. No Iranian export of enriched uranium means no JCPOA deal. Secretary of State Blinken has failed to understand that. The supposedly ready to be signed return to the nuclear deal is now in jeopardy.”
Follow the links in the story.
It’s “very, very close” now, with oil at $126 a barrel today.
Next week it will be “very, very, very close” with oil at $140 a barrel.
Then it will be “very, very, very, very close” when oil hits $175 a barrel.
The November elections should be “very, very, very, very, very, interesting” with oil at $250 a barrel and gas at $12.50 a gallon.