Efforts to revive Iran’s nuclear agreement with world powers are still bogged down over disagreements despite high-level diplomacy on Saturday, with Germany’s chancellor warning that it’s now or never to save the accord.
Negotiations in Vienna to rekindle the 2015 deal — which traded sanctions relief for limits on Iran’s nuclear work — are in their 10th month, with diplomats suggesting talks should wrap up by the end of February.
Energy traders have been closely watching the talks, since an agreement could usher in a return to the world market of supplies from the Persian Gulf nation. Iran holds the world’s second-largest reserves of natural gas and the fourth-biggest oil reserves.
