(Bloomberg) –

Iran is likely to extend a key international agreement on nuclear inspections by another month, giving world powers more time to revive a landmark 2015 deal and bring the United States back into the pact.

An extension of the interim agreement with the International Atomic Energy Agency would avoid a potential crisis in multilateral negotiations. Diplomats warned last week after the fourth round of talks that failure to extend the monitoring deal could derail talks in Vienna.

Iranian state television reported, citing a source close to the country’s Supreme National Security Council, that the extension would be on condition that multilateral talks lead to Washington’s return to the deal and the removal of sanctions from the Iranian government. Trump era in the next month. Iran’s interim deal with the International Atomic Energy Agency expired on Saturday.

Without a nuclear deal, how close is Iran to a bomb ?: QuickTake

“If the decision is finalized, the negotiating parties will have to use Iran’s goodwill and this renewed opportunity and facilitate the process of reaching a deal by accepting Iran’s legal demands,” the television reported. of state. The SNSC determines the national security policy of the Islamic Republic, including its nuclear program.

“The United States has clearly expressed its willingness to lift the sanctions as part of the nuclear deal,” President Hassan Rouhani said in a statement previously posted on his official website. “We will continue the talks until a final agreement.”

The IAEA is expected to provide a briefing on the latest developments regarding Iran on Sunday afternoon in Vienna.

Iran’s compromise with nuclear monitors limits escalation

The inspection agreement obliges Iran to keep videos recorded by IAEA cameras installed at nuclear facilities. Tehran had threatened to erase the material after 90 days unless sanctions were lifted. IAEA Director General Rafael Mariano Grossi has repeatedly warned that such a move would have compromised the inspectors’ continuity of knowledge about the program.

According to Sunday’s report on Iranian state television, the recorded footage will only be turned over to the IAEA if the next round of negotiations, which is due to begin in Vienna in the coming days, results in a final deal between Iran. and the United States. Otherwise, the material will be “deleted once and for all,” the SNSC source said.

Iran Says World Powers Accept Sanctions Must End; Crude falls

World powers on Thursday said they were close to finalizing a deal between Iran and the United States to reinstate the nuclear deal former President Donald Trump abandoned three years ago, sparking a crisis in the Persian Gulf which shook the oil markets and almost led to a war between the two countries.

Rouhani is eager to restore the deal and get Trump’s strict sanctions regime removed before stepping down later this year. The relaunch of the nuclear deal will ease restrictions on Iranian oil exports, the country’s single largest source of foreign exchange income.

(Redesign lead and headline, add quotes from state TV.)

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