Economics

U.S. Won’t Ease Oil Sanctions at Iran Nuclear Talks

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Negotiators headed to Baghdad for a second round of talks on Iran’s nuclear program won’t be giving Iran the relief it is seeking from oil and financial sanctions hobbling its economy, according to Obama administration officials and Western diplomats.

Instead, the U.S. and the five other major powers that will hold talks tomorrow with Iran in the Iraqi capital have agreed on confidence-building measures they may offer in response to Iranian concessions, said several U.S. officials and Western diplomats who spoke on condition of anonymity because of the sensitivity of the issue. The five other countries represented at the table are the U.K., France, Germany, China and Russia.