Iran and the United States may again return to the negotiating table, reports Axios.
Pat on the Middle East has not cooled fears in the fuel market
The White House received a new plan from Tehran regarding the reopening of the Strait of Hormuz and the end of the conflict in the Middle East.
Negotiations about Iran’s nuclear program, as claimed by a U.S. administration representative and two other sources familiar with the matter, have been postponed to a later date.
The portal emphasizes that although the United States has reviewed Iran’s proposal, it has not yet been communicated whether Donald Trump intends to accept it.
“The diplomatic process has hit a stalemate, and Iranian authorities are divided over what concessions should be included in the nuclear program talks. The Iranian proposal would allow bypassing this issue, ,” was reported.
Media suggest that lifting the blockade of the key strategic route would , depriving him of a crucial leverage tool over Iranian authorities.
It mainly concerns the elimination of existing enriched uranium stocks and the abandonment of further actions leading to the development of a nuclear program.
Axios claims that the Iranian side does not intend to agree to the conditions set by Trump.
Anonymous sources cited by the portal said that Iran’s foreign minister, Abbas Araghchi, during talks in Pakistan’s capital Islamabad, proposed to omit the nuclear issue from the discussions.
“One source said that over the weekend Araghchi made it clear to mediators from Pakistan, Egypt, Turkey, and Qatar that among Iranian leaders ,” we read.
“The United States wants Iran to suspend uranium enrichment for and ship enriched uranium out of the country,” added.
Olivia Wales, White House spokesperson, emphasized in an interview with Axios that diplomatic talks are “delicate,” and Trump intends to sign a deal that “puts American interests first.”
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Oil prices up 1%. Is it not the end?
The Brent futures contract price on Monday, April 27, hovers around 107 USD per barrel.
“Lack of progress in talks means the market situation is becoming increasingly tense day by day, forcing oil prices to higher levels,” analysts at ING Think said.
“It is obvious that the longer this situation persists, the greater the drop in demand we will have to record. To achieve it, oil prices will have to rise,” added.
Chart. Brent futures contract price
Source: Trading Economics.
The WTI futures contract price reaches 95,2 USD per barrel.
Chart. WTI futures contract price (West Texas Intermediate)
Source: Trading Economics.
Read also: Impas in the Middle East hits fuel prices. Will there soon be a drop to 40 USD per barrel?
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Sources: Axios, ING Think.
