Breaking News
0
Ad-Free Version. Subscribe now to follow markets, faster and distraction-free. More details

Supreme leader dismisses talks as Iran looks to post-Trump future

CommoditiesNov 24, 2020 08:36
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: An Iranian flag flutters in front of the UN headquarters in Vienna 2/2

DUBAI (Reuters) - Iran's supreme leader dismissed the prospect of new negotiations with the West on Tuesday, even as the Tehran government spoke optimistically about the return of foreign companies in "the absence of Trump" and his sanctions.

President-elect Joe Biden's victory has raised the possibility that the United States could rejoin a deal Iran reached with world powers in 2015, under which sanctions were lifted in return for curbs on Iran's nuclear programme.

President Donald Trump abandoned the deal in 2018, and Tehran responded by scaling down its compliance.

Biden's staff says the former vice president aims to restore the deal provided that Iran again abides by it. But diplomats and analysts have also said this was unlikely to happen overnight, as the adversaries would both want additional commitments.

Washington wants Iran to curb missile programmes which are not covered by the nuclear deal, and reduce its interventions in the Middle East. Iran has long said it will not negotiate over missiles, and no talks can begin unless Washington returns to the nuclear agreement and lifts sanctions unconditionally.

In remarks reported by state television on Tuesday, Supreme Leader Ayatollah Ali Khamenei expressed scepticism about the entire project of negotiating with the West.

"We once tried the path of having the sanctions lifted and negotiated several years, but this got us nowhere," he said.

"They interfere in regional affairs, they tell us not to intervene. And while Britain and France have nuclear missiles, they tell us not to have missiles. What does it have to do with you? You should first correct yourselves."

Khamenei has long criticised negotiations with the West. Nevertheless, he gave his ultimate blessing to the nuclear agreement when it was reached.

COMPANIES WILL RETURN, SPOKESMAN SAYS

The U.S. sanctions restored under Trump have since hit Iran's economy hard, undermining pragmatist President Hassan Rouhani's argument that opening the country up to the world would improve the quality of life.

Government spokesman Ali Rabiei said on Tuesday that foreign companies were already preparing to return.

"Recently, contacts about opening offices and the presence of foreign companies in Iran have increased," Rabiei told a news conference that was streamed live on a government website.

"Certainly, with the... lifting of the oppressive sanctions and the absence of Trump, the presence of foreign companies and a willingness to invest in Iran will increase."

A European diplomat said companies were still wary of a lack of transparency in Iran and that Biden lifting sanctions would not be enough to lure them back.

"There’s just no benefit for a major company to play around in a market with so little financial transparency. No compliance officer is going to sanction such a move.”

Supreme leader dismisses talks as Iran looks to post-Trump future
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email