Economics

Iran’s Nuclear Detente Treated With Cautious Optimism

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World powers reacted with optimism to Iranian proposals on ways to end a decade-long nuclear standoff as two days of talks got underway in Geneva.

Iran began today’s meeting with a one-hour presentation to diplomats from the U.S., China, France, Germany, Russia and the U.K. The meeting at the Palais des Nations in Geneva is the first since negotiations stalled in April and follows a telephone conversation between Rouhani and Barack Obama last month -- the highest level contact between leaders of the two countries since the 1979 Islamic Revolution.