Joe Biden insists on returning to the nuclear deal and to do so he is willing to ease sanctions on Iran related to oil and finance.
An article in The Wall Street Journal (WSJ) revealed that talks between the two countries are progressing to agree on a return to the nuclear deal.
The newspaper explains that Iran refuses to meet directly with the United States, so the Biden-Harris administration is using several countries in Europe as intermediaries.
Senior officials in Vienna concluded five days of talks this week. Sources involved tell the newspaper that progress was made as the U.S. clarified in more detail what the sanctions relief would look like.
While it is not yet known which sanctions could be relieved, and which Iranian entities could benefit, according to the WSJ Biden would be willing to lift terrorism sanctions against the Central Bank of Iran, state-owned oil companies and other economic sectors such as steel, aluminum and others.
Also, the Democratic administration is analyzing possible relief to the textile, automotive, maritime and insurance sectors.
Biden says he won’t give in to Iran first
After the WSJ story broke, DW news agency reported that while Biden is indeed willing to ease sanctions, he will not be the first to give in.
“The United States, which withdrew from the nuclear pact in 2018, will not accept a process in which it is the one that acts first” and lifts all sanctions before Iran does anything,” a senior State Department official told the news agency.
In January Iran, announced that it resumed the level of uranium enrichment to 20% purity, well beyond the limits set in the 2015 nuclear deal.
Last April 16, the head of the Atomic Energy Organization of Iran, Ali Akbar Salehi, announced that his country produced the first batch of uranium enriched to 60 % purity, its highest level to date.
“60% uranium is used for making targets that we put in the Tehran reactor and extract molybdenum from it. 60% enrichment have different applications and one of which is for production of radiopharmaceuticals and we can do the same with 20%,” the agency said on Twitter.