EU’s Borrell says Iran nuclear deal very close – Reuters

A nuclear deal with Iran is close to being signed, EU foreign policy chief Josep Borrell said on Saturday.

The top EU diplomat told the Doha Forum international conference: “We are now very close to an agreement and I hope it will be possible,” Reuters reported.

Negotiations are underway to revive a 2015 deal that would see Tehran give up its ambitions to develop nuclear weapons in exchange for the lifting of US sanctions on its economy.

A deal would also bring Iranian crude oil back to global energy markets in the coming months, helping to offset market turmoil and price spikes following sweeping sanctions imposed on the Russian economy at the following the invasion of Ukraine.

Russia had launched last-minute demands on the deal in moves that some experts saw as aimed at preventing a stabilization of markets through the restoration of Iranian oil exports.

EU diplomats are ready to meet their Iranian counterparts later Saturday to discuss the progress of the deal.

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