Iran
JD Vance reports major progress in Iran negotiations
U.S. Vice President JD Vance said on Tuesday the United States and Iran have made a lot of progress in their talks and neither side wants to see a resumption of the military campaign.
Iran's Foreign Minister Abbas Araqchi will visit China on Tuesday, foreign ministry spokesperson Esmaeil Baghaei said on Monday, ahead of a third round of nuclear talks between Tehran and Washington due on Saturday in Oman.
Abbas Araqchi © Mena Today
Iran's Foreign Minister Abbas Araqchi will visit China on Tuesday, foreign ministry spokesperson Esmaeil Baghaei said on Monday, ahead of a third round of nuclear talks between Tehran and Washington due on Saturday in Oman.
In a trip to Moscow last week, Araqchi told state TV that Tehran always closely consults with its friends, Russia and China, over the nuclear issue.
"It is natural that we will consult and brief China over the latest developments in Iran-U.S. indirect talks," Baghaei said, adding that Beijing can play a constructive role in this process.
Long-time foes Iran and the U.S. started negotiations earlier this month with the aim of placing limits on Tehran's nuclear programme, which Western powers say is geared toward developing nuclear weapons.
Tehran has long denied such accusations and seeks in exchange the lifting of U.S. sanctions that were re-imposed by President Donald Trump during his first term in office (2017-2021), when he withdrew from a 2015 nuclear pact between Iran and world powers, including China and Russia.
Since taking office in January, Trump has ratcheted pressure on Iran and has for the first time sanctioned Chinese "teapot" refineries - small, independent plants - that process Iranian crude oil and have provided an economic lifeline to Tehran's squeezed economy.
"The policy of maximum pressure is not just against Iran but also other countries and goes against freedom of trade. In the case of China, sanctions also seek to disrupt south-south cooperation," Baghaei said.
Beijing accounted for at least 77% of Iran’s roughly 1.6 million bpd of exported crude in 2024, according to analytics firm Kpler. The value of Iran's crude sales to China is not officially disclosed, but a Reuters calculation puts the trade at nearly $29 billion last year, assuming a 20% discount to Brent crude prices to include the cost of logistics.
"China and Iran have maintained exchanges and contacts at all levels and in various fields. With regard to the specific visit mentioned, I have no information to offer at the moment," Chinese Foreign Ministry spokesperson Guo Jiakun said on Monday regarding Araqchi's upcoming visit.
Reporting by Dubai Newsroom, Shi Bu in Beijing
U.S. Vice President JD Vance said on Tuesday the United States and Iran have made a lot of progress in their talks and neither side wants to see a resumption of the military campaign.
The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the U.S. maintains pressure on Tehran.
President Donald Trump said on Tuesday that the U.S. may need to strike Iran again and that he had been an hour away from ordering an attack before postponing it.
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