Iran will sign final nuclear deal only if sanctions lifted: Rouhani

Iran will agree to a final nuclear accord with six major powers only if all sanctions imposed on the country over its disputed nuclear work are lifted, President Hassan Rouhani said in a televised speech on Thursday.

“We will not sign any deal unless all sanctions are lifted on the same day…We want a win-win deal for all parties involved in the nuclear talks,” Rouhani said.

The tentative deal between Iran and the six powers on curbing Iran’s nuclear work, reached a last week in the Swiss city of Lausanne, revived hopes of an end to sanctions in return for limits on the Iranian atomic program.

Iran wants sanctions to be lifted altogether and at once, but the United States made it clear on Monday that sanctions would have to be phased out gradually under the final nuclear pact.

A deadline for reaching the final agreement is June 30 and Iran, the United States, Germany, France, Britain, Russia and China are expected to meet in the coming days to discuss the deal.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

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.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all)