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Iran Says Gaps With US Remain Deep and Significant in Talks

Source
JH Kim

Summary

  • Iran's Foreign Ministry said differences in negotiations with the US remain deep and significant, while markets are watching whether US-Iran talks make progress.
  • As limits on uranium enrichment and the Strait of Hormuz issue emerge as key variables in the negotiations, Iran is seeking sanctions relief while the US is demanding stronger IAEA verification.
  • The outcome of US-Iran negotiations could also affect global financial markets, including international oil prices and dollar moves.

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Iran's Foreign Ministry said differences with the US remain wide in ongoing negotiations, as markets watch for signs of progress in talks between the two countries.

Walter Bloomberg reported on May 22 that a spokesperson for Iran's Foreign Ministry said the gap in views between Tehran and Washington was "deep and significant."

The remarks came as the US and Iran continue negotiations over Tehran's nuclear program and sanctions relief. The two sides have reportedly narrowed differences on some issues, but disagreements on key matters remain.

Markets are focused on limits on uranium enrichment and the Strait of Hormuz as major variables in the talks. Iran has called for guarantees of its right to nuclear activity and sanctions relief, while the US is seeking stronger verification by the International Atomic Energy Agency, or IAEA.

The outcome of the US-Iran negotiations could affect global financial markets, including international oil prices and the dollar. Both sides are reportedly keeping diplomatic channels open.

Photo: Shutterstock
Photo: Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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