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Iran Nuclear Talks Suspended as Window Closes on Key Deal

  • Delay could pressure oil markets, fuel Persian Gulf tensions
  • Iran’s oil exports remain under punishing American sanctions
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WATCH: Iran nuclear deal talks have been suspended.Source: Bloomberg
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World powers and Iran suspended their efforts to revive the 2015 nuclear accord, reigniting a crisis that’s set to impact already surging oil markets and potentially plunge the energy-exporting Persian Gulf into a new cycle of violence. 

A pause in the Vienna talks was required due to “external factors,” European Union foreign policy chief Josep Borrell said on Twitter, without elaborating. Borrell said the sides had come very close to agreement but didn’t say when -- or if -- the negotiations would resume.