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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Rising Oil Prices Buy Iran Time in Nuclear Talks, Officials Say

Iranians walk in a market in Tehran, Iran May 1, 2022. (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 exclusively told Reuters.

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

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