AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 131.00 Increased By ▲ 1.47 (1.13%)
BOP 6.99 Increased By ▲ 0.31 (4.64%)
CNERGY 4.59 Decreased By ▼ -0.04 (-0.86%)
DCL 8.95 Increased By ▲ 0.01 (0.11%)
DFML 42.70 Increased By ▲ 1.01 (2.42%)
DGKC 84.50 Increased By ▲ 0.73 (0.87%)
FCCL 32.80 Increased By ▲ 0.03 (0.09%)
FFBL 78.52 Increased By ▲ 3.05 (4.04%)
FFL 12.18 Increased By ▲ 0.71 (6.19%)
HUBC 110.20 Decreased By ▼ -0.35 (-0.32%)
HUMNL 14.41 Decreased By ▼ -0.15 (-1.03%)
KEL 5.62 Increased By ▲ 0.23 (4.27%)
KOSM 8.45 Increased By ▲ 0.05 (0.6%)
MLCF 39.50 Decreased By ▼ -0.29 (-0.73%)
NBP 64.55 Increased By ▲ 4.26 (7.07%)
OGDC 201.00 Increased By ▲ 1.34 (0.67%)
PAEL 26.41 Decreased By ▼ -0.24 (-0.9%)
PIBTL 7.74 Increased By ▲ 0.08 (1.04%)
PPL 160.50 Increased By ▲ 2.58 (1.63%)
PRL 26.50 Decreased By ▼ -0.23 (-0.86%)
PTC 18.55 Increased By ▲ 0.09 (0.49%)
SEARL 82.61 Increased By ▲ 0.17 (0.21%)
TELE 8.19 Decreased By ▼ -0.12 (-1.44%)
TOMCL 34.37 Decreased By ▼ -0.14 (-0.41%)
TPLP 9.04 Decreased By ▼ -0.02 (-0.22%)
TREET 16.96 Decreased By ▼ -0.51 (-2.92%)
TRG 60.24 Decreased By ▼ -1.08 (-1.76%)
UNITY 27.70 Increased By ▲ 0.27 (0.98%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,694 Increased By 287.2 (2.76%)
BR30 32,068 Increased By 354.9 (1.12%)
KSE100 99,275 Increased By 1946.2 (2%)
KSE30 30,948 Increased By 755.9 (2.5%)

MUNICH: The chances of reviving the Iran nuclear accord are dwindling and the "moment of truth" has arrived for Tehran's leadership, German Chancellor Olaf Scholz said Saturday.

"We now have the chance to reach an agreement that will allow sanctions to be lifted. But if we do not succeed very quickly, the negotiations risk failing," Scholz told the Munich Security Conference.

"The Iranian leadership has a choice. Now is the moment of truth."

The 2015 Iran nuclear agreement had offered Tehran sanctions relief in exchange for curbs on its nuclear programme, but the US unilaterally withdrew in 2018 under then-president Donald Trump and reimposed heavy economic sanctions.

This in turn prompted Iran to start ramping up its nuclear activities.

Iran nuclear deal could be agreed very soon, EU official says

The outline of a new deal appears to be on the table in talks which have been held in Vienna since late November between signatories Britain, China, France, Germany, Russia -- and the United States indirectly.

A US State Department spokesperson told AFP on Thursday that "substantial progress has been made in the last week".

"If Iran shows seriousness, we can and should reach an understanding on mutual return to full implementation of the JCPOA within days," the spokesperson said, using an acronym for the 2015 deal.

But "anything much beyond that would put the possibility of return to the deal at grave risk," the spokesperson added.

Experts believe Iran is only a few weeks away from having enough fissile material to build a nuclear weapon -- even if it would take several more complicated steps to create an actual bomb.

President Joe Biden has said he is willing to return to the deal and ease some of the US sanctions, provided Tehran resumes its commitments under the agreement.

The Iranian foreign minister is due to address the Munich Security Conference later on Saturday.

Comments

Comments are closed.