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Reuters
Reuters
Business
Parisa Hafezi

Rising oil prices buy Iran time in nuclear talks, officials say

Iranians walk in a market in Tehran, Iran May 1, 2022. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Emboldened by an oil price surge since Russia invaded Ukraine, Iran's clerical rulers are in no rush to revive a 2015 nuclear pact with world powers to ease sanctions on its energy-reliant economy, three officials familiar with Tehran's thinking said.

    Last year, the Islamic Republic engaged in indirect talks with the United States as a route to cancelling U.S. sanctions that have gutted revenues and dramatically worsened economic hardships for ordinary people, stirring discontent.

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