Joe Biden Readies Plan to Revive Nuclear Deal with Iran as Oil SpikesCharlie Spiering 4 Mar 2022
President Joe Biden’s effort to restore former President Barack Obama’s nuclear deal with Iran may be finished soon, according to the State Department.
Deputy State Department spokeswoman Jalina Porter told reporters on Thursday there was “significant progress” in the negotiations with Iran.
“There has been significant progress and we are close to a possible deal, but a number of difficult issue remain unsolved,” Porter said.
Iran now has the upper hand in negotiations, as Europe and the United States are struggling after the the price of oil spiked to over $110 a barrel after the latest Russian invasion into Ukraine.
Both Europe and the United States are eying the potential of a million barrels of Iranian oil per day as a welcome relief from the higher prices fueled by the Russian war in Ukraine.
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