Iran Atomic Talks Enter Decisive Round as Oil Trade at Stake
- World powers resume negotiations to revive nuclear deal
- Return to 2015 accord would cap Iran’s nuclear program
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World powers started their fifth round of negotiations to revive a landmark agreement that will reinstate caps on Iran’s nuclear program in exchange for the country’s return to oil markets and the global economy.
The talks in Vienna are being closely watched by energy traders trying to measure when the Persian Gulf nation -- which holds the world’s fourth biggest oil and second biggest natural gas reserves -- could resume exports. Iran’s President Hassan Rouhani won backing from his Chinese counterpart Xi Jinping on Monday, with the two leaders agreeing to deepen trade and energy links once a return to the 2015 accord is finalized.