Senior Diplomatic Sources: An Iran Nuclear Deal is Still Possible

Deputy Secretary General of the European External Action Service (EEAS) Enrique Mora and Iran's chief nuclear negotiator Ali Bagheri Kani and delegations wait for the start of a meeting of the JCPOA Joint Commission in Vienna, Austria December 17, 2021. (Reuters)
Deputy Secretary General of the European External Action Service (EEAS) Enrique Mora and Iran's chief nuclear negotiator Ali Bagheri Kani and delegations wait for the start of a meeting of the JCPOA Joint Commission in Vienna, Austria December 17, 2021. (Reuters)
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Senior Diplomatic Sources: An Iran Nuclear Deal is Still Possible

Deputy Secretary General of the European External Action Service (EEAS) Enrique Mora and Iran's chief nuclear negotiator Ali Bagheri Kani and delegations wait for the start of a meeting of the JCPOA Joint Commission in Vienna, Austria December 17, 2021. (Reuters)
Deputy Secretary General of the European External Action Service (EEAS) Enrique Mora and Iran's chief nuclear negotiator Ali Bagheri Kani and delegations wait for the start of a meeting of the JCPOA Joint Commission in Vienna, Austria December 17, 2021. (Reuters)

Despite the clear impasse in negotiations to revive the nuclear agreement between the West and Iran, it appears that there is still hope. Senior diplomatic sources close to the Vienna talks voiced their belief to Asharq Al-Awsat that it was still “possible” to strike a deal.

Delegations participating in the Vienna negotiations left the Austrian capital on March 11 without returning to it since then. They left after an EU official announced the need to halt negotiations for “external reasons.”

What High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell meant by “external reasons” are the new demands laid out by Russia after it was sanctioned by the West for its military invasion of Ukraine.

While the Russian dilemma was soon resolved after Moscow obtained the guarantees it had requested, negotiations remained stuck without achieving any progress.

The most prominent challenge has become Iran's insistence on removing the Revolutionary Guards from the terrorism list and removing its leaders from the US sanctions list, as a condition for signing the agreement.

It seems that Iran is betting on the US submitting to its demands to avoid another crisis besides the one in Ukraine.

Nevertheless, the Biden administration has insisted since the start of negotiations with Iran that it will not lift sanctions slapped by the Trump administration if they are not directly related to the agreement.

Sanctions against the Iranian Revolutionary Guards fall into this category. Because it is classified under the sanctions related to terrorism and not nuclear activities.

While the US is conducting an internal assessment and discussion about the appropriateness of delisting the Guards as a price for reviving the nuclear agreement, the European Union continues its efforts to try to revive the agreement, the text of which is almost complete.

The EU coordinator for talks to restore the Iran nuclear deal, Enrique Mora, visited Tehran a month ago and met with Iranian officials, but he returned empty-handed.

Now, Mora is preparing to hold new bilateral meetings "soon", and he is still conducting non-stop consultations with the US and Iranian parties, senior diplomatic sources told Asharq Al-Awsat.

According to the sources, the consultations will not take place in Vienna, and that the delegations will not return to the Austrian capital unless an agreement is reached.



US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
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US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP

US Treasury Secretary Scott Bessent unveiled Monday what he described as an "economic D-Day" that aims to give a final warning to countries to sever their business ties with Iran or risk having key companies and entities cut off from the dollar-based financial system.

"We are launching an economic onslaught against Iran’s financial connections around ⁠the globe. Our ⁠objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Bessent said.

He added that it’s “no longer acceptable to operate in the gray spaces” of the conflict.

He did not name what countries could face potential secondary sanctions from the United States.

“Let there be no ambiguity as to the position of the United States,” Bessent told a news conference. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

The US Treasury Department has mapped the networks, facilitators, and financial channels that Iran uses to smuggle oil and evade sanctions and said that Washington would be working with US partners to target any source of Iran's "illicit revenue."

The department said it has issued determinations against five sectors -- digital assets, technology, gold, ⁠aviation and shipping -- that the Iranian government is using to prop up its economy. The Treasury has also imposed sanctions on nearly 60 entities, individuals and vessels.

US President Donald Trump's war with Iran, which has pushed energy prices higher worldwide, is about to hit its six-month mark. While heavy fighting has ‌subsided, diplomatic efforts to end the war have stalled and oil and raw material shipping through the Strait of Hormuz ⁠remains blocked, ⁠keeping energy prices elevated.


Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
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Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)

President Donald Trump said Monday that Iran is "collapsing" hours before the US government was set to announce details of what it says will be crushing sanctions against Tehran.

"IRAN IS COMPLETELY COLLAPSING!!!" Trump posted in his trademark all-caps style on his social media platform Truth Social.

“President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” US Treasury Secretary Scott Bessent wrote Sunday in an opinion piece in the Financial Times.

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.”


Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
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Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)

Crown Prince Haakon visited his father King Harald of Norway on Monday at the hospital, after the king's health deteriorated over the weekend, public broadcaster NRK reported.

The 89-year-old monarch, who has been on sick leave for several weeks, was admitted to the National Hospital a week ago. He is now receiving antibiotics for a bacterial blood infection and has responded to treatment, the royal palace said late Sunday, adding that his condition is stable.

Haakon, has been serving as regent during that time, The Associated Press quoted the palace as saying.

The king has hemolytic anemia and was being treated with cortisone, leading to fluid accumulation in the body that required hospital treatment, the palace said last week.

Norway's prime minister sent his wishes for the king and said that “all of Norway is following and thinking about the king,” NRK reported.

“My strong wish is that he continues to receive good treatment from the good healthcare system we have,” Prime Minister Jonas Gahr Støre said.

Harald, who has been monarch since 1991, has been in and out of the hospital several times in recent years.

In February, he was admitted to a hospital in Spain’s Canary Islands during a winter vacation for treatment for a skin infection.

Two years ago, the king fell ill during a private vacation with the queen in Malaysia and received a temporary pacemaker there. Harald returned aboard a medical airplane to Norway, where he was fitted with a permanent pacemaker.