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Iran Nuclear Talks Enter Final Day

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Talks to reach a preliminary agreement on Iran’s nuclear programme are entering their final day.

Foreign ministers from six world powers and their Iranian counterpart have been negotiating in Switzerland ahead of a self-imposed deadline.

US Secretary of State John Kerry said talks on Monday had produced “some light” but “tricky issues” remained.

Ministers want to restrict Iran’s nuclear programme in exchange for relief from crippling sanctions.

‘More light’

Iran insists its nuclear programme is for peaceful purposes, but world powers are worried about the country developing nuclear weapons.

They want to keep Iran at least one year away from being able to produce enough fuel for a single weapon.

The final hours of negotiation in Lausanne are taking place between foreign ministers from the so-called P5+1 – comprising the US, UK, France, China, Russia and Germany – and Iranian Foreign Minister Mohammad Javad Zarif. EU foreign policy chief Federica Mogherini is also present.

Mr Kerry said there had been “a little more light” on Monday, “but there are still some tricky issues. Everyone knows the meaning of tomorrow”.

China’s Foreign Minister Wang Yi said on Monday that the “marathon-like” negotiations had entered the final stage and that he was “cautiously optimistic”.

The differences between the parties were narrowing, he said.

BBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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