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An Energy-Hungry World Sees Hope in Iran Talks

Technicians at the Arak heavy water reactor about 150 miles (250 kilometers) southwest of Tehran in 2019.

Technicians at the Arak heavy water reactor about 150 miles (250 kilometers) southwest of Tehran in 2019.

Source: Atomic Energy Organization of Iran

Momentum appears to be building toward a new nuclear deal between Iran and world powers that could unleash oil onto global markets grappling with supply in the wake of Russia’s invasion of Ukraine.

Washington and Iran have now responded to a European Union rescue plan for the 2015 accord that limited Tehran’s nuclear program in exchange for easing economic sanctions, including on crude exports.

It’s still not clear just how enthusiastic the US is about the plan, but the EU has said Iran has been “reasonable” in its response.