DATA & FIGURES
The talks between the US and Iran come as the world faces a potential oil shortage, with the strait of Hormuz remaining closed. $6bn in Iranian funds are set to be returned from Qatar, according to Iranian President Masoud Pezeshkian. The US has also agreed to lift sanctions on Iranian oil exports, which could have a significant impact on the global oil market.
THE SCENARIO
The US-Iran talks are taking place against a backdrop of heightened tensions in the Middle East, with the conflict in Lebanon showing no signs of abating. The Iranian delegation is under pressure to secure a favorable deal, with hardliners in Tehran opposed to any negotiations with the US.
DIRECT QUOTE
"I think we’re going to hopefully make progress on the nuclear issue, make progress on the Lebanon ceasefire issue. Those are the two big things that I think we’re to be focused on." — JD Vance, US Vice-President
BBN INSIGHT
The US-Iran talks are a critical moment in the ongoing conflict in the Middle East. The closure of the strait of Hormuz has significant implications for global oil supplies, and the US is keen to secure a ceasefire in Lebanon.