{"id":106701,"date":"2021-02-11T00:22:28","date_gmt":"2021-02-11T00:22:28","guid":{"rendered":"https:\/\/fin2me.com\/?p=106701"},"modified":"2021-02-11T00:22:28","modified_gmt":"2021-02-11T00:22:28","slug":"u-s-may-weigh-baby-steps-to-revive-iran-nuclear-deal","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/u-s-may-weigh-baby-steps-to-revive-iran-nuclear-deal\/","title":{"rendered":"U.S. may weigh baby steps to revive Iran nuclear deal"},"content":{"rendered":"

WASHINGTON\/PARIS (Reuters) – The United States is weighing a wide array of ideas on how to revive the Iranian nuclear deal, including an option where both sides would take small steps short of full compliance to buy time, said three sources familiar with the matter.<\/p>

U.S. State Department Spokesman Ned Price holdsa press briefing at the State Department in Washington, U.S., February 8, 2021. REUTERS\/Kevin Lamarque\/Pool<\/figcaption>

Such a modest approach could slow the deterioration in relations since former U.S. President Donald Trump abandoned the deal in 2018 and freeze Iran\u2019s subsequent violations, which have brought it closer to enriching weapons-grade uranium.<\/p>\n

This option could entail Washington allowing Tehran to get economic benefits less valuable than the sanctions relief it received under the 2015 deal in return for Iran stopping, or perhaps reversing, its own breaches of the agreement.<\/p>\n

The sources stressed U.S. President Joe Biden has yet to decide his policy. His stated position remains that Iran resume full compliance with the pact before the United States will.<\/p>\n

\u201c(They) are having a real think,\u201d said one source familiar with the U.S. review, saying ideas under consideration include a straight return to the 2015 nuclear deal and what he called \u201cless for less\u201d as an interim step.<\/p>\n

Another source said if the Biden administration concluded it would take too long to negotiate a full return to the deal, it could adopt a more modest approach.<\/p>\n

\u201cShould (they) at least try to give Iran some sanctions relief and get Iran to agree to pause and maybe roll back some of its nuclear (steps)?\u201d said this source.<\/p>\n

The deal between Iran and six major powers limited Iran\u2019s uranium enrichment activity to make it harder for Tehran to develop nuclear arms – an ambition Iran has long denied having – in return for the easing of U.S. and other sanctions.<\/p>\n

When Trump left the deal in 2018, faulting it for failing to curb Tehran\u2019s ballistic missile program and backing for regional proxies, he reimposed crippling sanctions on Iran\u2019s economy.<\/p>\n

In response, Tehran has breached the deal\u2019s key limits, enriching uranium to 20% – above a 3.67% cap but below the 90% needed for weapons – expanding its stockpile of low-enriched uranium, and using advanced centrifuges for enrichment.<\/p>\n

WHO MAKES FIRST MOVE?<\/h2>\n

A central problem in reviving the deal is who goes first. Iran has insisted the United States ease sanctions before it resumes compliance; Washington wants the reverse.<\/p>\n

In what may be posturing by both sides, Iran\u2019s Supreme Leader Ayatollah Ali Khamenei on Sunday said Tehran\u2019s \u201cfinal and irreversible\u201d decision was to return to compliance only if Washington lifts sanctions, while Biden said he would not lift sanctions just to get Iran back to the table.<\/p>\n

Republicans are likely to criticize the Democrat Biden if he offers Iran any sanctions relief without their full return to the agreement, arguing this would squander leverage that Trump built up with the scores of sanctions imposed since 2018.<\/p>\n

\u201cThe Biden admin has to recognize the realities of 2021, not 2015. That means no upfront sanctions relief for a regime that\u2019s only expanded its dangerous behavior,\u201d Trump\u2019s former U.N. ambassador Nikki Haley wrote on Twitter on Sunday.<\/p>\n

Washington could find other ways to ease Iran\u2019s economic pain, smoothing the way for the International Monetary Fund to lend to Tehran, making it easier for humanitarian goods to get through, or embracing a European idea for a credit facility.<\/p>\n

A Western diplomat said an IMF loan \u201cdefinitely could be in play\u201d and described the possibility of a European credit facility for Iran, which would require the tacit acceptance of the United States, as \u201csensible and feasible.\u201d<\/p>\n

The White House declined comment beyond spokeswoman Jen Psaki\u2019s statement that if Tehran resumed compliance, Washington would do so and that \u201cthe ball\u2019s in Iran\u2019s court.\u201d The State Department did not immediately respond to a request for comment.<\/p>\n

It was unclear how soon the Biden administration may settle on its approach.<\/p>\n

One deadline is Feb. 21, when an Iranian law obliges Tehran to end the sweeping inspection powers given to the U.N. nuclear watchdog by the 2015 deal and limiting inspections to declared nuclear sites only.<\/p>\n

Three European diplomats said even the window for an interim solution could close rapidly before Iran\u2019s June presidential election, which anti-U.S. security hawks are expected to win.<\/p>\n

\u201cIt\u2019s an urgent situation. If we can\u2019t take advantage of the window now, it\u2019s very hard to think that we will be able to engage in substantial negotiations before the autumn,\u201d said one. \u201cThe current (nuclear) trajectory could close a lot of doors.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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