logo
Iran says it held ‘frank' nuclear talks with European powers

Iran says it held ‘frank' nuclear talks with European powers

Straits Times2 days ago
Find out what's new on ST website and app.
A European delegation leaving the Iranian Consulate in Istanbul, following nuclear talks on July 25.
ISTANBUL - Iranian diplomats said they held 'frank and detailed' nuclear talks on July 25 with counterparts from Germany, Britain and France, who have threatened to trigger sanctions if Tehran fails to agree a deal on uranium enrichment and cooperation with UN inspectors.
The meeting in Istanbul was the first since
Israel launched an attack on Iran in June targeting key nuclear and military sites, sparking
a 12-day war and leading Tehran to pull away from working with the UN watchdog.
The European diplomats were seen leaving the Iranian consulate shortly before 1100 GMT (7pm in Singapore) after spending several hours inside.
Israel's offensive – which killed top commanders, nuclear scientists and hundreds of others and in which residential areas and military sites were struck – also derailed US-Iran nuclear talks that began in April.
Since then, the European powers, known as the E3, have threatened to trigger a so-called 'snapback mechanism' under a moribund 2015 nuclear deal that would reinstate UN sanctions on Iran by the end of August.
The sanctions trigger expires in October, and Tehran has
warned of consequences should the E3 opt to activate it.
Iran's Deputy Foreign Minister, Mr Kazem Gharibabadi, who attended the talks alongside senior Iranian diplomat Majid Mr Takht-Ravanchi, wrote on X that he had used the meeting to criticise the European stance on the 12-day conflict with Israel.
Top stories
Swipe. Select. Stay informed.
Singapore SMRT to pay lower fine of $2.4m for EWL disruption; must invest at least $600k to boost reliability
Singapore MRT service changes needed to modify 3 East-West Line stations on Changi Airport stretch: LTA
Singapore S'pore could have nuclear energy 'within a few years', if it decides on it: UN nuclear watchdog chief
Life 'Do you kill children?': Even before independence, S'pore has always loved its over-the-top campaigns
Singapore Lung damage, poor brain development, addiction: What vaping does to the body
Singapore Tipsy Collective sues former directors, HR head; alleges $14m lost from misconduct, poor decisions
Singapore Fine for couple whose catering companies owed $432,000 in salaries to 103 employees
Singapore Kopi, care and conversation: How this 20-year-old helps improve the well-being of the elderly
He said the snapback mechanism had also been discussed, adding: 'It was agreed that consultations on this matter will continue.'
Mr Takht-Ravanchi told state news agency IRNA the Iranian side had demanded 'punitive sanctions' be lifted 'as soon as possible'.
Before the talks, a European source said the three countries were preparing to trigger the mechanism 'in the absence of a negotiated solution'.
The source urged Iran to make 'clear gestures' on uranium enrichment and resuming cooperation with the UN nuclear watchdog.
'Common ground'
Mr Gharibabadi warned earlier in the week that triggering sanctions – which would deepen Iran's international isolation and place further pressure on its already strained economy – would be 'completely illegal'.
He accused European powers of 'halting their commitments' under the 2015 deal, which the United States unilaterally withdrew from in 2018 during President Donald Trump's first term.
'We have warned them of the risks, but we are still seeking common ground to manage the situation,' said Mr Gharibabadi.
Iranian diplomats have previously warned that Tehran could withdraw from the global nuclear non-proliferation treaty if sanctions were reimposed.
Israeli Foreign Minister Gideon Saar has urged European powers to trigger the mechanism.
Israel's June 13 attack on Iran came two days before Tehran and Washington were scheduled to meet for a sixth round of nuclear negotiations.
On June 22, the US joined Israel's offensive by
striking Iranian nuclear facilities at Fordo, Isfahan, and Natanz.
Before the war, the US and Iran were divided over uranium enrichment – with Tehran describing it as a 'non-negotiable' right, while Washington called it a 'red line'.
The International Atomic Energy Agency (IAEA) says Iran is enriching uranium to 60 per cent purity – far above the 3.67 per cent cap under the 2015 deal and close to weapons-grade levels.
Tehran has said it is open to discussing the rate and level of enrichment, but not the right to enrich uranium.
A year after the US withdrew from the nuclear deal, Iran began rolling back its commitments, which had placed restrictions on its nuclear activities in exchange for sanctions relief.
Israel and Western powers accuse Iran of pursuing nuclear weapons, a charge Tehran has repeatedly denied.
'New form'
Iran insists
it will not abandon its nuclear programme, with Foreign Minister Abbas Araghchi describing the position as 'unshakable'.
Though he claimed enrichment had come to a halt because of 'serious and severe' damage to nuclear sites caused by US and Israeli strikes, the full extent of the damage sustained in the US bombing remains unclear.
Mr Trump claimed at the time the sites had been 'completely destroyed', but US media reports based on Pentagon assessments
cast doubt on the scale of destruction .
Since the 12-day war,
Iran has suspended cooperation with the IAEA, accusing it of bias and failing to condemn the attacks.
Inspectors have since left the country but a technical team is expected to return in the coming weeks after Iran said future cooperation would take a 'new form'.
Israel has warned it may resume strikes if Iran rebuilds facilities or moves toward weapons capability.
Iran has pledged a 'harsh response' to any future attacks. AFP
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Japan expects only 1% to 2% of $550 billion US fund to be investment
Japan expects only 1% to 2% of $550 billion US fund to be investment

Business Times

timea few seconds ago

  • Business Times

Japan expects only 1% to 2% of $550 billion US fund to be investment

[TOKYO] Japan expects only 1 to 2 per cent of its recently agreed upon US$550 billion US fund to be in the form of actual investment, with the bulk of it being loans, according to the nation's top chief negotiator Ryosei Akazawa. At the same time, Tokyo would save roughly 10 trillion yen (S$87 billion) through lower tariff rates in its deal with America, he said. The US$550 billion investment framework will be a combination of investments, loans and loan guarantees provided by financial institutions backed by the Japanese government, Akazawa said on public broadcaster NHK on Saturday (Jul 26) night. Of the total, investment would be worth 1 per cent or 2 per cent and the US and Japan would split the profits of that investment at a ratio of 90-10, he said. Japan had originally proposed a 50-50 ratio, he added. The fund is a centrepiece of the deal announced by the two sides that will impose 15 per cent tariffs on Japanese cars and other goods. But the details given by Akazawa suggest the Japanese may end up giving up much less than at first glance. The comments come as officials from countries with deals with the US sift through the terms to explain to the public what they entail. 'It's not that US$550 billion in cash will be sent to the US,' Akazawa said. 'By letting the US have 90 per cent of the profits rather than 50 per cent, I think Japan's loss will be at most a couple of tens of billions of yen. People are saying various things, such as 'You sold out Japan', but they are wrong.' For the loans provided through the programme, Japan will simply be collecting the interest payments, and for the loan guarantees, if nothing happens, Japan will also be just collecting fees, Akazawa said. 'For that part, Japan's just making money,' he said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Akazawa also clarified that the investment programme will not be only supporting Japanese and US firms. As a potential example, he cited a Taiwanese semiconductor firm building a factory in the US. 'We'd like to put the US$550 billion in place during President Trump's term,' Akazawa added. Further details of the implementation of the US-Japan deal remain unclear, including when the new tariff rates would take effect and when the new investment vehicle would kick off. There's been no joint document signed by both sides for the deal, although the White House has published a fact sheet. 'If you say something like, 'Let's create a joint document,' they will say, 'We will lower tariffs after the document is created,'' Akazawa said. In order not to lose time, 'we will demand that they issue an executive order to lower tariffs as soon as possible, regardless of a document'. Last week, Akazawa said that he expects universal tariffs on Japan's shipments to be lowered to 15 per cent on Aug 1, while he said he wanted the car tariffs to be cut to 15 per cent as soon as possible without specifying a date. The Trump administration has touted the deal with Japan as a potential model for others. On Sunday, the US and European Union agreed on a deal that will see the bloc face 15 per cent tariffs on most of its exports, with the EU pledging to invest US$600 billion in the US. BLOOMBERG

SIA flights between S'pore and Cambodia, S'pore and Thailand, operating normally amid border dispute
SIA flights between S'pore and Cambodia, S'pore and Thailand, operating normally amid border dispute

Straits Times

time26 minutes ago

  • Straits Times

SIA flights between S'pore and Cambodia, S'pore and Thailand, operating normally amid border dispute

Find out what's new on ST website and app. A spokesperson for the SIA Group said its top priority is the safety of customers and its employees. SINGAPORE – All Singapore Airlines (SIA) flights between Singapore and Cambodia, as well as between Singapore and Thailand, continue to operate normally despite a deadly border dispute between Thailand and Cambodia. A spokesperson for the SIA Group said its top priority is the safety of customers and its employees. 'We will continue to monitor the situation closely and will adjust our flights where necessary,' the spokesperson added. A long-simmering border dispute between Thailand and Cambodia escalated to deadly violence on July 24 as their military forces clashed at multiple spots, leaving at least 12 people dead. The flare-up is part of a broader disagreement with origins stretching back more than a century and involves parts of a region known as the Emerald Triangle, where the boundaries of Thailand, Cambodia and Laos meet. The leaders of Thailand and Cambodia will attend mediation talks over their deadly border conflict in Malaysia on July 28 at 3pm local time at the Malaysian Prime Minister's Office in Kuala Lumpur. Malaysian Prime Minister Anwar Ibrahim invited representatives from both countries. Malaysia, which chairs the regional grouping Asean, has informed the Thai government that Cambodian Prime Minister Hun Manet would also be attending the talks, the statement said. According to The Nation, flights between Thailand and Cambodia are continuing as normal, as Cambodia's declared restricted area is limited and does not significantly impact air traffic departing from Thailand. Alternative flight paths are also readily available.

Asia: Most markets rise, euro boosted after EU strikes US trade deal
Asia: Most markets rise, euro boosted after EU strikes US trade deal

Business Times

time26 minutes ago

  • Business Times

Asia: Most markets rise, euro boosted after EU strikes US trade deal

[HONG KONG] Most stock markets rose with the euro on Monday after the European Union and United States hammered out the 'biggest-ever' deal to avert a potentially damaging trade war. News of the deal, announced by Donald Trump and European Commission head Ursula von der Leyen on Sunday, followed US agreements last week, including with Japan, and comes ahead of a new round of China-US talks. Investors were also gearing up for a busy week of data, central bank decisions and earnings from some of the world's biggest companies. Trump and von der Leyen announced at his golf resort in Scotland that a baseline tariff of 15 per cent would be levied on EU exports to the United States. 'We've reached a deal. It's a good deal for everybody. This is probably the biggest deal ever reached in any capacity,' Trump said, adding that the levies would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals and semiconductors. Brussels also agreed to purchase 'US$750 billion worth of energy' from the United States, as well as make US$600 billion in additional investments. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'It's a good deal,' von der Leyen said. 'It will bring stability. It will bring predictability. That's very important for our businesses on both sides of the Atlantic.' The news boosted the euro, which jumped to US$1.1779 from Friday's close of US$1.1749. And equities built on their recent rally, fanned by relief that countries were reaching deals with Washington. Hong Kong led winners, jumping around one per cent, with Shanghai, Sydney, Seoul, Wellington, Taipei and Jakarta also up, along with European and US futures. Tokyo fell for a second day, having soared about five per cent on Wednesday and Thursday in reaction to Japan's US deal. Singapore and Seoul were also lower. The broad gains came after another record day for the S&P 500 and Nasdaq on Wall Street. 'The news flow from both the extension with China and the agreement with the EU is clearly market-friendly, and should put further upside potential into the euro... and should also put renewed upside into EU equities,' said Chris Weston at Pepperstone. Traders are gearing up for a packed week, with a delegation including US Treasury Secretary Scott Bessent holding fresh trade talks with a Chinese team headed by Vice Premier He Lifeng in Stockholm. While both countries in April imposed tariffs on each other's products that reached triple-digit levels, US duties this year have temporarily been lowered to 30 per cent and China's countermeasures slashed to 10 per cent. The 90-day truce, instituted after talks in Geneva in May, is set to expire on Aug 12. Also on the agenda are earnings from tech titans Amazon, Apple, Meta Microsoft, as well as data on US economic growth and jobs. The Federal Reserve's latest policy meeting is expected to conclude with officials standing pat on interest rates, though investors are keen to see what their views are on the outlook for the rest of the year in light of Trump's tariffs and recent trade deals. The Bank of Japan is also forecast to hold off on any big moves on borrowing costs. AFP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store